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AT&T-Discovery Deal Is More Evidence Media, Telecom Don’t Mix

AT&T and Verizon unwind bets on owning distribution and media
Comcast to remain lone giant delivering TV, internet and shows

WATCH: AT&T Inc. Chief Executive Officer John Stankey and Discovery Inc. CEO David Zaslav talk about plans to combine media assets to create a new entertainment company. (Source: Bloomberg)

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By Gerry Smith

May 17, 2021 at 9:29 AM EDT

This article is for subscribers only.

First Verizon. Now AT&T.

In recent weeks, the two telecom giants have both called it quits on what used to be a popular strategy: owning distribution and media assets.

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