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Keywords: Telecommunication Services; Wireless Telecommunications Services; Broadcasting; Cable Broadcasting; Media/Entertainment; Regulation/Government Policy; Financial Performance; Ownership Changes; Acquisitions/Mergers/Shareholdings; New Products/Services EN Telecommunication Services Wireless Telecommunications Services Broadcasting Cable Broadcasting Media/Entertainment Regulation/Government Policy Financial Performance Ownership Changes Acquisitions/Mergers/Shareholdings New Products/Services N.PAG N.PAG 1 05/19/21 20210518 NES 210518 Deal would complete telecom giant's retreat from the media business, which included owning cable channels such as HBO and CNN The deal would merge the telecom giant's media assets, including CNN and HBO, into a new company, unwinding AT&T's big bet on entertainment after less than three years. AT&T Inc. T -5.08% and Discovery Inc. DISCB -4.85% reached a deal to combine their media assets into a new, publicly traded company, unwinding the telecom company's big bet on entertainment after less than three years. [Extracted from the article]

AT&T's negotiations with Discovery heated up earlier this year, when Discovery Chief Executive David Zaslav texted Mr. Stankey a series of emojis during the airing of the Pro-Am golf tournament at Pebble Beach, which AT&T sponsors. Photo: Patrick T. Fallon/Bloomberg News The unwinding of AT&T's two biggest deals within the first year of Mr. Stankey's tenure as CEO is a signature moment for the veteran executive, who started his career at an AT&T predecessor in 1985. Keywords: leder; Computers/Consumer Electronics; Telecommunication Services; Wireless Telecommunications Services; Broadcasting; Television Broadcasting; Cable Broadcasting; Satellite Broadcasting; Media/Entertainment; Satellite Television EN leder Computers/Consumer Electronics Telecommunication Services Wireless Telecommunications Services Broadcasting Television Broadcasting Cable Broadcasting Satellite Broadcasting Media/Entertainment Satellite Television N.PAG N.PAG 1 05/19/21 20210518 NES 210518 The telecommunications giant is giving up its dreams of marrying content and distribution - one of the biggest about-faces in corporate deal history. [Extracted from the article]

Those proceeds include $5.8 billion that the new company will borrow from banks and pay back to AT&T. AT&T will be able to stop including results from its U.S. video operations in its consolidated financial reports. Keywords: Wooden Furniture; Wholesalers; Retail/Wholesale; Telecommunication Services; Wireless Telecommunications Services; Trusts/Funds/Financial Vehicles; Private Equity; Broadcasting; Television Broadcasting; Satellite Broadcasting EN Wooden Furniture Wholesalers Retail/Wholesale Telecommunication Services Wireless Telecommunications Services Trusts/Funds/Financial Vehicles Private Equity Broadcasting Television Broadcasting Satellite Broadcasting N.PAG N.PAG 1 03/02/21 20210226 NES 210226 Private-equity giant to pay $1.8 billion for 30% interest in new DirecTV unit AT&T agreed to sell a stake in its pay-TV unit to private-equity firm TPG and carve out the struggling business, pulling the telecom giant back from a costly wager on entertainment. [Extracted from the article]