Hi and welcome to Insider Advertising for May 20. I'm senior advertising reporter Lauren Johnson, and here's what's going on:

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WarnerMedia Stankey
AT&T CEO John Stankey
Getty Images

WarnerMedia and Discovery's merger is reigniting media M&A chatter. These are the potential deals that could rock the industry this year.

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Lachlan Murdoch
Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 11, 2019.
REUTERS/Brendan McDermid

2 years after being named CEO of Fox, Lachlan Murdoch is pulling all-nighters to prove he is a worthy successor of his father

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coca cola scale back brands 2x1
Coca-Cola; Jerritt Clark/Getty Images; Dia Dipasupil/Getty Images; Jason Kempin/Getty Images; Samantha Lee/Insider

Coca-Cola's experiment to acquire and build out its non-soda offerings killed more brands than it launched. Now it's gone from a staff of hundreds to just a few people as the new CEO winds it down.

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Other stories we're reading:

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