AT&T Deal Means Breaking Up Turner Broadcasting

AT&T Inc. started reorganizing its WarnerMedia unit Monday, a move that includes breaking up Atlanta-based Turner Broadcasting, The Wall Street Journal reports.

The consolidation could force more jobs to relocate from Turner’s longtime base in Atlanta, where AT&T had already been closing offices in its own telecom division before the merger, choosing to focus on its Dallas headquarters as well as growing its growing presence in New York and Los Angeles, the paper says.

The company said it hired former NBC Entertainment Chairman Robert Greenblatt to be chairman of a newly created unit called WarnerEntertainment — which combines HBO and Turner’s entertainment operations — and Direct-to-Consumer, which includes the streaming service WarnerMedia plans on launching later this year.

Read the full story at the Atlanta Business Chronicle >>