Monday, May 17, 2021

AT&T signs deal to combine media biz with Discovery


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. Faced with cord-cutting and incursions by streaming services, major broadcast media companies have retrenched and sought strength through mergers. […]

source https://www.seattletimes.com/business/att-signs-deal-to-combine-media-biz-with-discovery/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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