"The telecom giant has considered various options, including a spinoff of DirecTV into a separate public company and a combination of DirecTV's assets with Dish Network, its satellite-TV rival," the Journal report said, citing "people familiar with the matter."
It's still early in the process, so AT&T could end up sticking with DirecTV. "AT&T may ultimately decide to keep DirecTV in the fold. Despite the satellite service's struggles, as consumers drop their TV connections, it still contributes a sizable volume of cash flow and customer accounts to its parent," the Journal reported.
https://arstechnica.com/information-technology/2019/09/att-considers-getting-rid-of-directv-as-tv-business-tanks-wsj-reports/ [arstechnica.com]
Like Blockbuster, DirecTV, Dish, etc. are extremely slow to catch onto the whole Netflix/Amazon Prime Ad-Free, pick what I want to watch model.