On May 17, AT&T and Discovery, Inc. announced a deal under which AT&T's WarnerMedia will be spun off and combined with Discovery in a new standalone media company.
Mandatory Credit: Alberto E. Rodriguez/Getty Images for Discovery Communications
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AT&T to spin off and combine WarnerMedia with Discovery in deal that would create streaming giant
The streaming TV race is about to get even more competitive. On Monday morning AT&T and Discovery, Inc. announced a deal under which AT&T's WarnerMedia will be spun off and combined with Discovery in a new standalone media company.
