AT&T to create world media giant

Posted on: Sunday 23 October 2016

The acquisition of Time Warner will mean AT&T becomes one of the largest media companies in the world.

Share this

AT&T has acquired Time Warner for $85.4 billion (£70 billion), in a move that will see it create one of the world's largest media companies.

If the deal is approved by regulators, AT&T will gain control of television channels HBO, CNN and Cartoon Network, and film studio Warner Bros, producer of the Batman and Harry Potter film franchises. 

Randall Stephenson, chairman and chief executive of AT&T, said: "This is a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers."

The firm isn't expecting the deal to be blocked by the government, and anticipates it being concluded by the end of 2017.

Share this

Related content

LinkedIn-creates-pub-for -jobseekers

LinkedIn creates pub for jobseekers

The Linked Inn welcomed jobseekers for a drink, career advice and help with applying for suitable roles.

Learn more

The Gym Group's digital-first approach leads to higher membership

The Gym Group's dedication to integrated digital services, from its upgraded website to in-gym kiosks and staff training, has seen a 35.5 per cent...

Learn more

Share of Media – H1 2018

Learn more

Lexus films first ad written by AI

The new Lexus advert, Driven by Intuition, has been entirely scripted using AI to create ‘the perfect ad’

Learn more

Looking to boost your skills?

Lasting two hours each, our virtual training modules have been designed to fit into your day while you work from home and provide you with the opportunity to learn new skills and keep your team up-to-date with latest best practice.