AT&T Is Buying Time Warner Because the Future is Google | WIRED

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.

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."

AT&T Is Buying Time Warner Because the Future is Google | WIRED