AT&T is reportedly planning to merge WarnerMedia and Discovery Networks.
Report: AT&T Working On $150 Billion Merger Of Warnermedia, Discovery. “AT&T is nearing a deal to combine its content unit WarnerMedia with rival Discovery to create a media giant with an enterprise value of $150bn, just a few years after acquiring the owner of CNN, HBO and Warner Bros, said people briefed about the matter. The board of directors of AT&T were meeting on Sunday to approve the deal, said two people with direct knowledge of the matter. The agreed deal is expected to be announced in the coming days, those people said.” [Financial Times]
Merger Would Combine HBO, CNN With Discovery, TLC. “Bloomberg reports that the early talks could see the companies bring their vast entertainment portfolios together, with AT&T’s WarnerMedia owning networks like HBO, CNN, TNT, TBS and the HBO Max streaming service while Discovery brings its own streaming service, Discovery+, along with networks like HGTV, Discovery Channel, Animal Planet, Food Network and TLC.” [The Wrap]
One of the first political bloggers in the world, Oliver Willis has operated OliverWillis.com since 2000. Contributor at Media Matters for America and The American Independent. Follow on Twitter at @owillis. Full bio.