AT&T is considering splitting its telecom and media assets after acquiring Time Warner [telecom]

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AT&T is considering splitting its telecom and media assets after acquiring Time Warner Inc., giving AT&T CEO Randall Stephenson oversight over two separate divisions.

The structure under consideration, reported earlier by Bloomberg and the Wall Street Journal, would put AT&T's DirectTV and telecom operations in one unit and the Time Warner media assets in another.

Such a split could see AT&T chief strategy officer John Donovan promoted to CEO of the telecom unit, while AT&T entertainment chief John Stankey takes over the media assets, according to the reports. The media unit would include Time Warner's HBO, Warner Bros., and Turner cable channels, which includes CNN.