AT&T bought WarnerMedia three years ago for more than $100 billion, so it could chase after Netflix. Now it’s getting out of streaming, and every other part of the media business. What happened? And what happens next? NYT media reporter Edmund Lee has a reunion with Recode’s Peter Kafka to discuss.

Featuring: Edmund Lee (@edmundlee), media reporter for The New York TimesHost: Peter Kafka (@pkafka), Senior Editor at RecodeMore to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape.About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us.Learn more about your ad choices. Visit podcastchoices.com/adchoices