AT&T CEO John Stankey and CFO Pascal Desroches held a 45-minute WebX town hall for WarnerMedia employees this morning, offering additional information about the entertainment unit’s upcoming merger with Discovery.The $43 billion deal surprised the industry, and while it’s expected to take at least a year to close, it has prompted a flurry of questions about the future for the companies and the media business.
Investors reacted poorly to the news on the first full day of trading since the announcement, sending AT&T shares down 6% on the day.The discussion with the two executives was moderated by Christy Haubegger, WarnerMedia communications chief and top inclusion officer.
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