WarnerMedia, which AT&T acquired for $108.7 billion in 2018, had become an albatross for Stankey, who came in as CEO last year. He wanted to reduce the strain on AT&T's finances. The company was investing heavily in the race for 5G phone services, including spending $23.4 billion in a wireless spectrum auction in February.
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Monday, May 17, 2021
How a missed golf tournament led to the merger of Discovery, WarnerMedia
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