I remember when American Telephone and Telegraph sold Warner Bros media to Discovery channel.  To me the big points were what?  AT&T was able to offload hundreds of millions of dollars in debt, from Warner Bros, off themselves to Discovery Channel.  Discovery Channel was able to buy a horde of media properties on the cheap.  The head of Discovery channel, who became the head of the merged firm between discovery channel side warner media, said on DAY ONE, day one! The days of high