First Verizon. Now AT&T.
In recent weeks, the two telecom giants have both called it quits on what used to be a popular strategy: owning distribution and media assets.
Earlier this month, Verizon Communications Inc. agreed to sell its media division to Apollo Global Management Inc. for $5 billion, a move that will jettison once-dominant online brands like AOL and Yahoo. AT&T Inc. followed on Monday with a
AT&T shareholders will get 71% of the new company, but the move signals that the 2018 purchase of Time ...