(Telecompaper) AT&T is planning for a more media focused future, Bloomberg reported, saying the company will redefine the role of CEO Randall Stephenson after it closes its acquisition of Time Warner for USD 85.4 billion. Although Stephenson will remain the top dog at the company, he will drop the title of CEO and become executive chairman, overseeing two new CEOs who will independently manage the company's telecom and media businesses, sources close to the matter said. Stephenson will focus on directing the company's new course as a media powerhouse.