[wlug] AT&T To Spin Off WarnerMedia

Another questionable mega-acquisition bites the dust <https://arstechnica.com/tech-policy/2021/05/att-to-spin-off-warnermedia-will-try-to-act-like-a-telecom-company-again/>, with AT&T admitting it made a mistake by trying to become a media conglomerate. There is a local element to this story. The company called Discovery, that is planning to buy these assets, also owns Three (aka TV3, aka NewsHub). So there will inevitably be some impact in our own little neck of the woods, though whether that will be for better or worse is the question <https://www.nzherald.co.nz/business/the-spinoff-a-blockbuster-media-deal-could-tie-three-up-with-cnn-and-hbo/B54GHPKSM3E452Q2AB3NIRMF4E/>.