This week delivered a big corporate update, the kind that usually sets a precedent for many others across the world. In one of the biggest spin-offs in corporate history, telecoms giant AT&T said that it will split out WarnerMedia—which owns HBO, CNN, TBS, TNT and Warner Bros. Studio, among others—and merge it with Discovery to form a new media company.
This deal basically means that AT&T, which had acquired Time Warner (later renamed as WarnerMedia) three years ago in a $85 billion deal in the hopes of building a rival to the tech giants, is finally giving up on the …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Mumbai