AT&T Signs Deal To Combine Media Operations, Including CNN, With Discovery
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AT&T will combine its massive media operations that include CNN HBO, TNT and TBS in a $43 billion deal 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. The deal announced Monday would create a separate media company with households increasingly abandoning cable and satellite TV, looking instead at Netflix, Amazon Prime Video, Facebook, TikTok and YouTube.
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