Sponsored by AT&T

The Internet may soon change the way people watch television. AT&T and Verizon have been spending billions of dollars, to build and reinforce their networks with the hope of turning the Internet into an on-demand, multi-media entertainment machine.

AT&T Inc., the largest U.S. telephone-service provider, released its second quarter earnings report for 2006 on Tuesday, highlighting stronger revenue growth due to increased contributions from Cingular wireless and its wire line operations.

AT&T Inc. on Tuesday posted higher quarterly profit, bolstered by strong growth in wireless and high-speed Internet services.

U.S. phone company AT&T Inc. said on Wednesday it began marketing its AT&T Homezone, a long-awaited service that combines high-speed Internet and satellite television in one set-top box.

Lucent Technologies Inc. said on Monday it expects third-quarter earnings to fall due mainly to slower sales of wireless network equipment in North America, in news that pushed down its shares.

AT&T says that the initial customers of its latest Internet TV offering have been pleased. But with experts citing a number of problems and limitations, will the new service be embraced?

U.S. telephone giant AT&T Inc. risks losing customers to cable rivals unless it builds a fiber network closer to customers than currently planned for its video and Internet services, analysts said.

AT&T Inc. is making headway at state and federal levels as it tries to go over the heads of local governments to enter the subscription television business to compete with cable TV, Chairman and Chief Executive Ed Whitacre said on Friday.