Which American phone giant owns CNN, HBO, and Cartoon Network?
AT&T owns CNN, HBO, and Cartoon Network through its acquisition of Time Warner Inc., which the phone giant completed in 2018._x000D_
News Fact:
_x000D_According to Bloomberg, AT&T Inc. is preparing to spin off its media business and merge it with Discovery Inc. – which indicates a surprise reversal for a company that spent $85 billion to acquire the assets less than three years ago. The idea is to combine Discovery’s reality-TV empire with AT&T’s vast media holdings, building a business that would be a formidable competitor to Netflix Inc. and Walt Disney Co.