By Mike Dano
AT&T and Verizon have been widely mocked for their mostly unsuccessful forays into the media and content industry.
Specifically, AT&T splurged $85 billion on Time Warner in 2018 only to offload it to Discovery this year. Similarly, Verizon acquired AOL in
2015 for $4.4 billion and Yahoo in 2017 for $4.5 billion only to sell them to Apollo Global Management this year for $5 billion.
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