The tie-up of AT&T Inc T.N and Time Warner Inc TWX.N, bringing together one of the country’s largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV.
Stocks of some programmers that could attract interest rose sharply on Friday as the deal of the year came together. Discovery Communications Inc DISCA.O gained 3.6 percent, AMC Networks Inc AMCX.O rose 3.9 percent and Scripps Networks Interactive Inc SNI.O jumped 5.6 percent.
Read the Full Article: Source – Reuters
Time For Truth: (Reuters) – AT&T-Time Warner may signal start of new media industry consolidation
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