The Logical Leftist
@logicallyleftist·273K subscribers·15.5K videos
AT&T is buying Time Warner for $85 Billion
Posted
October 25, 2016
Views
505
Likes
34
Comments
7
Engagement
8.12%
October 25, 2016
505
34
7
8.12%
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12:06Now PlayingBecome a patron
"In the world of media, bigger remains better.
So in the wake of Comcast’s $30 billion takeover of NBCUniversal and Verizon Communications’ serial acquisitions of the Huffington Post and Yahoo, AT&T has bought one of the remaining crown jewels of the entertainment industry.
The telecommunications giant agreed on Saturday to buy Time Warner, the home of HBO and CNN, for about $85.4 billion, creating a new colossus capable of both producing content and distributing it to millions with wireless phones, broadband subscriptions and satellite TV connections."
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