AT&T, Discovery join media brands as cord-cutters encroach
U.S. telecom giant AT&T Inc. has signed a deal to combine its media business, including CNN, with Discovery Inc., the owner of such lifestyle networks as the Food Network and HGTV. The transaction would cover AT&T’s WarnerMedia division, which also includes TNT, TBS, HBO as well as the Warner Bros. television and film studio, and would create a separate media company at a time when both companies are under pressure […]