Shares of Discovery, which launched its new global streaming service today, and WarnerMedia parent AT&T, were standouts among media stocks Monday as the market seesawed.Discovery was up by 1%, as Discovery+ debuted as a comfort-food, non-scripted alternative to rival services that rolled out throughout the past year.
The direct-to-consumer platform, which features both known and new and content from 14 core Discovery brands, also announced expanded distribution partnerships in Europe and the U.S.AT&T firmed by 1.4%, buoyed by a bullish note from Wall Street firm Raymond James.
Analyst Frank Louthan said “there is more that can go right during the next 12 months than can get worse for AT&T,” noting the solid dividend and anticipating a
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