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After Spinning Off Warner Bros., Is AT&T Ready to Compete With Verizon?

·4 min read
After Spinning Off Warner Bros., Is AT&T Ready to Compete With Verizon?
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AT&T (NYSE: T) getting into the media business didn't make much sense when it was doing the deals. The carrier's $43 billion deal to merge its WarnerMedia division with Discovery Communications (NASDAQ: DISCA)(NASDAQ: DISCK) is smart, even if it causes a lot of pain for investors. After all, many income investors bought the stock for its dividend and will now see it cut in half, but they'll also own 71% of the new company.