AT&T’s (T) WarnerMedia and ViacomCBS (VIAC) are exploring the sale of a large stake or the entire CW Network. Citing people familiar with the matter, the Wall Street Journal (WSJ) reports that Nexstar Media (NXST)has shown interest in the unit that the two companies jointly own. T shares fell 0.38% to close at $26.11 on January 6. AT&T is a holding company specializing in telecommunication,s media, and technology services. It offers wireless services and also produces and distributes feature films, television, and gaming content. AT&T's earnings report for Q4 2021 is scheduled for January 26, 2022.
https://www.tipranks.com/news/att-and-viacomcbs-exploring-cw-network-sale?utm_source=advfn.com&utm_medium=referral