AT&T's Hollywood Ending Erased Billions in Value.

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]