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AT&T Lays Out New Priorities After Its WarnerMedia Deal

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Yesterday’s WarnerMedia deal unwinds the costly legacy of Randall Stephenson, AT&T’s former C.E.O.Credit.Mike Cohen for The New York Times
Counting the cost
AT&T is painting a rosy picture for the future of its media business, which it will spin off and merge with Discovery. That new streaming giant is a formidable stand-alone competitor to Netflix and Disney. The move leaves AT&T to focus on its telecom business, which looks less bright after being overshadowed by its expensive and ultimately futile deal-making binge in media and entertainment under its previous chief, Randall Stephenson. ....

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WarnerMedia et Discovery fusionnent : un nouveau mastodonte du divertissement pour tenir tête aux géants du streaming

WarnerMedia et Discovery fusionnent : un nouveau mastodonte du divertissement pour tenir tête aux géants du streaming
francetvinfo.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from francetvinfo.fr Daily Mail and Mail on Sunday newspapers.

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AT&T et Time Warner : un mariage raté et des milliards de dollars envolés

AT&T et Time Warner : un mariage raté et des milliards de dollars envolés
lopinion.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lopinion.fr Daily Mail and Mail on Sunday newspapers.

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The WarnerMedia-Discovery Deal Was Structured to Make a Future Sale Easier

The WarnerMedia-Discovery Deal Was Structured to Make a Future Sale Easier
nbcphiladelphia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcphiladelphia.com Daily Mail and Mail on Sunday newspapers.

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AT&T prepares to merge media assets with Discovery in major strategy shift

May 17, 2021
AT&T Inc. is preparing to spin off its media business and merge it with with Discovery Inc. in a tax-friendly deal, according to people with knowledge of the matter, a surprise reversal for a company that spent $85 billion to acquire the assets less than three years ago.
A deal could be announced as soon as this week, said the people, who asked not to be identified because the information was private.
The transaction will be structured as a so-called Reverse Morris Trust, or a merger with another company that’s structured to be tax-free, one of the people said. ....

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