U.S. telecom giant AT&T Inc. is combining its WarnerMedia operations with Discovery Inc. The deal will marry the likes of HBO and CNN with HGTV and Oprah Winfrey. And its another illustration of the headspinning speed in which streaming has transformed the media world. The $43 billion agreement was announced Monday after AT&T CEO John Stankey and his Discovery counterpart, David Zaslav, worked out the details in Zaslavs Manhattan brownstone over the past two months. The hope for the newly merged company is that with a wider array of material than either can offer on its own, it can join Netflix, Amazon and Disney among top streamers.
Yum China CEO Joey Wat joins 'Influencers with Andy Serwer' to discuss the digital acceration as a result of COVID-19.
Stocks are closing higher on Wall Street Thursday, snapping a three-day losing streak that included the biggest drop for the S&P 500 since February.