However, this news brings about the recent trend where media companies are being acquired or merged.
TheStreet's founder, Jim Cramer, called the deal "a brilliant move" for Amazon in CNBC's Squawk Box program.
Not only Amazon, in the same month, AT&T (T) - Get Report also announced the merger of Warner Media and Discovery Inc.( (DISCA) - Get Report). The $43 billion deal merger brought a new company into existence: Warner Bros. Discovery.
Watch the video above to know more about which media companies made deals this year.