Michael D. White will stay on as DIRECTV’s chairman/president/CEO following the end of his current employment agreement that expires Jan. 1, 2013. According to the operator, during his three-year tenure as CEO, White led DIRECTV “to record performance levels and has kept the company positioned as the top video entertainment choice in the U.S. and across Latin America. Over the same period, DIRECTV’s stock price has increased 54 percent, compared to the 27 percent growth in the S&P 500 Index over the same period.”

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Lumen Sells ILEC Business to Apollo

Lumen Technologies is selling its incumbent local exchange carrier business in 20 states to funds managed by Apollo Global Management for $7.5 billion. The assets to be sold include the consumer, small

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