The Briefing Room
General Category => Economy/Business => Topic started by: rangerrebew on July 15, 2017, 05:50:49 pm
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AT&T plans to split telecom and media units after merger with Time Warner
Published: July 14, 2017 2:29 p.m. ET
By
Drew
FitzGerald
AT&T Inc. plans to split the management of its telecom operations and its media assets after clinching a takeover of Time Warner Inc., putting veteran AT&T executive John Stankey in charge of the Time Warner business, according to people familiar with the matter.
The reorganization would create two divisions. One would contain AT&T’s T, +0.25% wireless business and its DirecTV satellite television business, the other would comprise the Time TWX, +0.67% assets it plans to acquire, including HBO, Warner Bros. and the Turner cable unit that houses CNN, the people said. AT&T last year said it would take control of the entertainment company in a cash-and-stock deal worth about $85 billion.
http://www.marketwatch.com/story/att-plans-to-split-telecom-and-media-units-after-merger-with-time-warner-2017-07-14