AT&T would seem to be going for broke if it were to attempt to buy Time Warner, a deal that could cost the telecom provider more than $100 billion.
Time Warner shares rose 7.82% to $89.48 at market's close, while AT&T fell 3% to $37.49.
Comcast's (CMCSA) NBCUniversal unit reportedly doubled its stake in BuzzFeed after it invested $200 million in the digital media company in 2015.
With YouTube's help, Google's reported online TV service can stand out in an increasingly crowded field. But it isn't clear that either cord-cutters or pay-TV subscribers will embrace it.