Is AT&T Getting Ready to Kill DC Comics?
Last year, several reports claimed that AT&T (NYSE: T) could sell DC Comics, which it gained from its takeover of Time Warner, to appease activist investor Elliott Management's demands to streamline its business and boost its profits.
AT&T didn't divest the 85-year-old brand, which owns iconic characters like Superman, Batman, and Wonder Woman, but its recent actions suggest that some changes could occur. First, Warner Bros. abruptly fired DC Comics co-publisher Dan DiDio, who held the top position alongside Jim Lee over the past 10 years.
Shortly afterward, a few industry reports claimed that Disney's (NYSE: DIS) Marvel could either acquire DC Comics or license its characters for new comics. Lee, now serving as the company's head publisher, quickly dismissed those rumors.
Source Fool.com
