Why outsiders like AT&T keep stumbling in Hollywood

latimes.com – By Ryan Faughnder – It didn’t take long after last week’s $43-billion WarnerMedia-Discovery deal announcement for AT&T to be inducted into the unofficial Hollywood merger Hall of Shame.

Jim Cramer railed against AT&T on CNBC, calling the soon-to-be cleaved $85-billion combination of the Dallas phone company and Time Warner (now WarnerMedia) “one of the dumbest mergers in recent history.” On the same network, media mogul Barry Diller referred to AT&T’s decision to spin off its media assets as “the great escape.”

More… https://www.latimes.com/entertainment-arts/business/newsletter/2021-05-25/hollywood-outsiders-failed-mergers-att-warner-media-general-electric-the-wide-shot