AT&T, Discovery Join Media Brands as Cord-Cutting Encroaches

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AT&T will join 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.






The new media company enters a streaming arena that has been flooded in the past two years with new players including those owned by AT&T and Discovery which operate HBO Max and Discovery+, respectively.

Industry analysts believe the deal Monday is a signal that more mergers are ahead... See more at the businessjournaldaily.com