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Some of your favorite channels are joining forces in the streaming war. I’m Brian Banmiller on Business.

At&t announced a forty-three billion dollars deal to merge Warner media with Discovery. The agreement was worked out in the Manhattan apartment of At&t’s CEO and his counterpart at Discovery. The new mega media company will become a big player in the streaming business. Now they can offer a wider array of material than they could on their own, putting them on an even playing field with companies such as Netflix, Amazon and Disney. Plus, it puts pressure on the companies not at the same level such as Paramount Plus or Peacock to step up their games. Under the deal the companies can offer a variety of content including scripted and reality tv, movies, sports and news. The big-name brands that will now be under one roof include DC comics, Cartoon Network and Animal Planet. This will likely lead to layoffs as the companies consolidate. The CEO of Discovery will lead up the new company and is working on keeping the top talent. And you’ll get more options. Brian Banmiller, CBS News.

About Brian

CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.