Media Mashup as Discovery to Acquire WarnerMedia

I first learned of this over the weekend in an LA Times piece, but AT&T, who only a few years ago, bought Time Warner in a bid to become a new powerhouse entertainment ecosystem, is planning to sell its media goodies to Discovery Communications.

The resulting combination of scripted and unscripted shows, films, and assorted media could be peanut butter & chocolate or cookies & okra. I honestly don’t know and don’t particularly have a battlebot in this fight.

But from both the LA Times above, a piece in Ars Technica, and one from the New York Times that the various Conventional Wisdom is abuzz amongst the factions that are wont to have Opinions and Conventional Wisdom: other media companies, telecoms, Wall Street — and the people who follow media companies, telecoms, and Wall Street.

Now, all of this is dependent on shareholders and regulators agreeing to the sale, but there’s sure to be ripples from this.