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Barry Diller Dubs AT&T’s WarnerMedia Sale “The Great Escape,” Flays Telco For String Of Business Flops

21.05.2021 - 18:23

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AT&T continues to take a licking heading into the weekend with mogul Barry Diller describing plans to unload WarnerMedia as “a great escape” and calling its three-year dalliance with showbiz the telco giant’s latest bungle in a string of bad deals.Never one to mince words, the founder of sprawling digital powerhouse IAC and former head of Fox and Paramount said, “It’s the power of monopoly.

I mean, Ma Bell should have been dead and buried by now. I mean, they go into cable, only a few years later to say ‘oh my god we made a mistake’ and sell it.

They go into Direct [DirecTV], and go into Time Warner with an idea, but certainly not fully fledged, and then they go about basically, I think, hurting Time Warner assets.”AT&T acquired John

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