AT&T Bids for Time Warner Amid Media Consolidation Talk

Reuters: AT&T is said to be in advanced talks to acquire Time Warner, a deal that would give the telecom company control of cable channel HBO, the CNN news network, film studio Warner Bros and other media assets. The deal, which could be announced as early as Monday, would be one of the largest in recent years in the sector as telecom companies look to combine content and distribution capabilities to match consumer demand for tailored offerings and online delivery.