The deal would combine HBO and CNN with Discovery s media properties, including HGTV and Animal Planet and would reunite Zucker with Discovery s David Zaslav.
AT&T and Discovery to combine media businesses in blockbuster $43 billion deal
May 17, 2021 / 8:20 AM / CBS/AFP
AT&T is combining 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 deal announced Monday would create a separate media company with households increasingly abandoning cable and satellite TV. Broadcast media is under significant threat from Netflix, Amazon Prime Video, Facebook, TikTok and YouTube. Faced with cord-cutting and incursions by streaming services, major broadcast media companies have retrenched and sought strength through mergers.
By Jason Hall
May 17, 2021
AT&T announced a deal to combine its content unit WarnerMedia with Discovery in an effort to compete with other major streaming services on Monday (May 17).
CNBC reports AT&T will create a new business merging Time Warner which was acquired for $85 billion just under three years ago with Discovery, creating a new business separate from AT&T that could possibly be valued at as much as $150 billion, including debt, according to
AT&T said it would receive an aggregate amount of $43 billion in a combination of cash, debt and WarnerMedia s retention of certain debt as part of the agreement announced on Monday.
By Jason Hall
May 17, 2021
AT&T announced a deal to combine its content unit WarnerMedia with Discovery in an effort to compete with other major streaming services on Monday (May 17).
CNBC reports AT&T will create a new business merging Time Warner which was acquired for $85 billion just under three years ago with Discovery, creating a new business separate from AT&T that could possibly be valued at as much as $150 billion, including debt, according to
AT&T said it would receive an aggregate amount of $43 billion in a combination of cash, debt and WarnerMedia s retention of certain debt as part of the agreement announced on Monday.