AT&T, Chernin Group Take Majority Stake in Online Network

Traditional media taps into digital audience

As Internet stars continue to rise over their traditional television counterparts, old media is taking notice and wanting in on the million-dollar action. Which is why Otter Media, a joint venture between AT&T and Chernin Group, has taken a majority stake in online multi-channel network Fullscreen.

"What felt like the future of media four years ago has quickly become the new reality," Fullscreen CEO and founder George Strompolos said in a post on Fullscreen. "It's a new world.

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