AT&T and Time Warner have agreed to an $85 billion deal — one of the biggest media tie-ups ever.The move, announced Saturday evening, will help AT&T expand beyond wireless and Internet service into programming. Time Warner is the parent of CNN, TNT, HBO, the Warner Bros. studio, and other channels and websites. AT&T to buy Time Warner in media mega-deal – Oct. 22, 2016
This move caught me off guard. Granted I wasn’t looking for it though. AT&T and TimeWarner are two of America’s largest distribution and media companies. I am not sure this is good for competition or for diversity in opinions. We will have to see how this shakes out or even gets approval by the federal government. AT&T recently bought DirecTV and TimeWarner was bought by AOL years ago and spun AOL off to independent operation. Again, wow, this is huge!