Turbulent telecommunications times; also see AT&T-Time Warner Deal Is Mostly About Defense (WSJ) and Swift Opposition to Resurrection of AT&T Giant (NYT)
"Telecommunications companies are becoming media companies. That explains AT&T’s agreement to buy Time Warner for $85.4 billion. But something else explains it, too.AT&T Is Buying Time Warner Because the Future is Google | WIRED
Media companies are becoming telecoms.
Internet firms like Google and Facebook and Amazon and Netflix are the new media companies. They deliver enormous amounts of video online, posing a direct threat to old-school television and movie companies. But they also are becoming telecoms, threatening the likes of AT&T and Verizon."