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Well, the telecom media rollercoaster is once again rolling. On May 17th, AT&T announced that it was spinning off its WarnerMedia subsidiary that includes HBO and Warner Bros. for $5 billion and merging it with Discovery. This followed the May 3rd announcement that Verizon was selling off its media holdings, AOL and Yahoo, for $43 More
The post What’s Happening to the Telecom Trust? appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by David Rosen.