AT&T ACQUIRE’S WARNER BROS., DC OWNER TIME WARNER

AT&T has reportedly reached a deal to purchase Time Warner, parent company of Warner Bros. and DC Entertainment, for more than $80 billion. The acquisition of Time Warner would give AT&T control of not only DC Entertainment and Warner Bros.’ film, television and interactive divisions, but also Hanna-Barbera Productions and cable networks like HBO, CNN, TNT, TBS and Cartoon Network. In addition, Time Warner jointly owns The CW with CBS.

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