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Cable News Network (CNN) is a multinational news channel and website operating from Midtown Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the Manhattan-based media conglomerate Warner Bros. Discovery (WBD), [2] CNN was the first ...
Feb 3, 2022 · CNN is currently owned by WarnerMedia and therefore AT&T. However, AT&T is preparing for a merger with Discovery, which will unwind its previous acquisition of Time Warner.
- Kathryn Underwood
Apr 8, 2022 · With Friday’s deal “close,” in Wall Street speak, AT&T has officially unwound its 2018 takeover of Time Warner and refocused on its core business.
May 17, 2021 · AT&T and Discovery, Inc. have announced a deal to spin off WarnerMedia and combine it with Discovery in a new standalone media company. WarnerMedia is CNN's parent company. @BrianStelter reports.
May 17, 2021 · CNN is set to change corporate hands for the second time in just a few years as AT&T spins off all of WarnerMedia in a transaction with Zaslav’s Discovery, Inc.
May 17, 2021 · AT&T owns CNN, HBO and Warner Bros, after acquiring many brands in a $108.7bn (£77.1bn) purchase of Time Warner in 2018. The deal also marks the entry of another player into a crowded market.
Feb 1, 2022 · The transaction, which will spin off 100% of AT&T’s interest in WarnerMedia to AT&T’s existing shareholders in a pro rata distribution, followed by the merger of WarnerMedia with Discovery, is expected to close in the second quarter of 2022.
