AT&T restructures WarnerMedia to gird for Netflix fight: memo

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AT&T restructures WarnerMedia to gird for Netflix fight: memo

Restructuring for streaming video battle.

AT&T Inc is restructuring its WarnerMedia business, according to a memo sent to employees on Monday and seen by Reuters, as it girds for a streaming video battle with Netflix Inc and Walt Disney Co. The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts ...

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