Bloomberg
CNN Dodges Risk of MSNBC Tie-Up as AT&T Opts for Discovery
(Bloomberg) — For months, Wall Street has called on AT&T Inc. to shed its media assets, including CNN, arguing that investors prefer companies with a singular focus.On Monday, AT&T finally relented, announcing that CNN and its corporate siblings will be joining forces with Discovery Inc., home of networks like HGTV, Food Network and TLC.For CNN, the deal could provide a number of strategic advantages — and avoids the…
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