Why AT&T wants Time Warner
Why does AT&T, a wireless phone company, want to own CNN, HBO and Warner Bros.?The answer has something to do with the ways that phones have changed our lives.There are also practical corporate concerns. AT&T thinks it needs to diversify; wants to own programming; and wants to keep Time Warner out of the hands of its huge rivals. Owning brands like HBO would give AT&T a lot more leverage.
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