Light Reading's Alan Breznick and Jeff Baumgartner weigh in on the burning questions surrounding the recently announced media moves by AT&T. The telecom giant is spinning out its WarnerMedia group to a new joint venture it will form with Discovery in a deal that will give AT&T $43 billion and a controlling stake in the new company. The move unravels the $84 billion merger between AT&T and Time Warner that was sealed just three years ago. What will it mean for AT&T and its competitiveness as a network operator? How will the new media company loom large on the pay-TV and consumer media landscape? Breznick and Baumgartner give their early reactions and address some questions that remain.

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