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AT&T’s Spinoff Was a Long Time Coming. For Investors, It Was Worth the Wait.
AT&T has officially closed the book on a tumultuous phase of its nearly 150-year history, with its foray into the media business finally over. On April 8, the company officially spun off Warner Bros. and completed the media group’s subsequent merger with Discovery. Investors now have a pair of inexpensive stocks to consider: The leaner AT&T (ticker: T), focused on competing in the U.S. wireless and home broadband markets, and the streaming-centered entertainment company Warner Bros. Discovery (WBD).