AT&T’s determination to spin off its WarnerMedia belongings can have implications throughout the media and telecom panorama. Right here’s how the spinoff might shake out extra broadly.
Winners
Choosy shareholders: AT&T (ticker: T) is within the technique of shedding its media belongings and its satellite tv for pc and pay-TV enterprise. Traders will now get two shares to select from—or keep away from—to play their most well-liked thesis. In the meantime, the conglomerate low cost on AT&T’s inventory ought to fade.
John…
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