Show an ad over header. AMP

I am the second

AT&T spins off WarnerMedia, forming new media behemoth with Discovery

AT&T and Discovery have agreed to create a joint venture that would house WarnerMedia’s premium entertainment, sports and news assets with Discovery's nonfiction and international entertainment and sports businesses, the companies announced Monday.

Why it matters: It's a major course correction by AT&T. The deal essentially confirms shareholder fears that the company's $85 billion merger with Time Warner three years ago was not fully baked.

Keep reading... Show less

Related Articles



Get Goodhumans in your inbox

Most Read

More Stories