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WarnerMedia × Discovery: Inside the $65.3B Merger and Its Fallout

A deep dive into one of the most dramatic corporate sagas in modern media. We break down AT&T's failed $85B Time Warner bet, the $65.3B WarnerMedia–Discovery reverse Morris trust deal, and the turbulent journey that followed — from massive debt pressures and creative clashes to canceled blockbusters, restructuring charges, and the shocking decision to split the company again by 2026. You'll walk away with lessons on strategic overreach, cultural misalignment, financial discipline, and the speed of disruption in the streaming wars.

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