AT&T, Discovery join media houses as cord-cutting encroaches

AT&T, Discovery join media houses as cord-cutting encroaches

3 years ago
Anonymous $OlGJJXacOb

https://apnews.com/d7259d1e50f24f12de3edcf9fb7ee33a

NEW YORK (AP) — AT&T will combine its massive media operations that include CNN, HBO, TNT and TBS in a $43 billion deal with Discovery, the owner of lifestyle networks including the Food Network and HGTV.

It is a major directional shift for AT&T which squared off with the Justice Department less than three years ago in an antitrust fight when it wanted to acquire Time Warner Inc. That was a fight that AT&T won.