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I am the second

Discovery and AT&T mega-merger triggers speculation around which media giants are next

Data: Yahoo Finance; Chart: Andrew Witherspoon/Axios

The mega-merger of Discovery and AT&T media assets is likely to trigger a chain reaction of other media giants forming ever bigger combinations.

Why it matters: There was a time when most Americans got their news and entertainment from three broadcast networks, a handful of Hollywood studios and their local paper. Today, Americans get content from hundreds of different sources, but they're increasingly being gobbled up by the same owners.

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