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Who owns Discovery & WarnerMedia? Under the current plan, AT&T shareholders will own 71% of the combined Discovery and WarnerMedia, to be known as Warner Bros. Discovery, and Discovery CEO David Zaslav will run the company. “This is a fantastic collection of assets,” Zaslav said in an interview on CNBC last week.
What brands does WarnerMedia own? WarnerMedia owns HBO, HBO Max, CNN, Warner Bros., DC Films, New Line Cinema, TBS, TNT, TruTV, Cartoon Network/Adult Swim, Turner Sports and Rooster Teeth, among other brands, and is part owner of the CW Network along with Paramount.
Did AT&T buy Warner Media? AT&T's acquisition of Warner Media took almost two years to gain government approval. The new AT&T-Discovery company will vie with Netflix, Disney, Amazon, NBCUniversal, CBS and many more media companies that have invested heavily in streaming services. NBCUniversal is the parent company of NBC News.
Why did the Justice Department block the WarnerMedia deal? When AT&T sought to buy WarnerMedia, then known as Time Warner, five years ago, the Donald Trump-era Justice Department sued to block the deal. There were legitimate antitrust concerns about the deal from some corners, but critics charged that the lawsuit was political and ultimately motivated by Trump’s disdain for CNN.
Is CNN a good news service? Last year with the merger looming, Zaslav praised CNN in a call with Wall Street analysts, referring to them as “a news service that has real and meaningful resources globally, news-gathering resources, the biggest and largest group of global journalists of any media company, maybe with the exception of the BBC.”
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Discovery takes control of HBO, CNN, and Warner Bros., creating …
Discovery’s merger with WarnerMedia took effect on Friday afternoon, creating a streaming media giant led by CEO David Zaslav. The deal combines two treasure troves of …
https://www.cnn.com/2022/04/08/media/discovery-warner-media-merger-close/index.html
What the WarnerMedia-Discovery deal means for CNN and Jeff …
Under the plan announced on Monday, WarnerMedia and Discovery will be stitched together to create a streaming and cable TV powerhouse. Zaslav, the CEO of …
https://www.cnn.com/2021/05/17/media/discovery-warnermedia-merger-cnn-jeff-zucker/index.html
Discovery and WarnerMedia merge, creating one of the largest …
AT&T will receive $43 billion worth of cash, debt securities and WarnerMedia's retention of debt. The new company will be led by Discovery CEO David Zaslav. It's a major …
https://www.nbcnews.com/media/discovery-warnermedia-merge-creating-one-largest-us-media-companies-rc...
AT&T to spin off and combine WarnerMedia with Discovery in …
On Monday morning AT&T (T) and Discovery, Inc. announced a deal under which AT&T (T) ’s WarnerMedia will be spun off and combined with Discovery in a new standalone …
https://www.cnn.com/2021/05/17/media/warnermedia-discovery-deal/index.html
AT&T Spinning off WarnerMedia; CNN to Have New Ownership
AT&T and Discovery, Inc. have announced a deal to spin off WarnerMedia and combine it with Discovery in a new standalone media company. WarnerMedia is CNN's parent …
https://www.mediaite.com/tv/breaking-att-to-spin-off-warnermedia-including-cnn-and-combine-with-disc...
Discovery Closes In on Acquisition of WarnerMedia
Discovery, the medium-size media company that began as a small cable network in 1985, has completed something once unthinkable: assuming ownership of a fabled Hollywood company that controls...
https://www.nytimes.com/2022/04/08/business/media/discovery-warner-media.html
CNN Layoffs Begin Amid Warner Bros. Discovery …
Cable news giant CNN will be hit by layoffs Wednesday and Thursday, part of continued cost-cutting by parent company Warner Bros. Discovery, which is trying to integrate the legacy...
https://www.hollywoodreporter.com/business/business-news/layoffs-begin-at-cnn-amid-warner-bros-disco...
CNN Officially Has a New Parent Company: Warner …
The new company unites WarnerMedia—which includes CNN, CNN+, HBO, TNT, TBS, CNN, Cartoon Network, Warner Bros., and streaming service HBO Max—with Discovery’s own portfolio, which includes ...
https://www.adweek.com/tvnewser/cnn-global-officially-has-a-new-parent-company-warner-bros-discovery...
In a Deal With Discovery Hatched in Secret, AT&T …
The telecommunications giant will spin off WarnerMedia in a transaction that will combine HBO and CNN with Oprah Winfrey’s OWN and HGTV.
https://www.nytimes.com/2021/05/17/business/att-discovery-merger.html
AT&T's WarnerMedia and Discovery are in talks about combining …
WarnerMedia, known then as Time Warner, contained valuable assets like CNN, HBO, TNT, TBS, and the Warner Bros studio. Under AT&T, WarnerMedia has focused on the …
https://www.cnn.com/2021/05/16/media/att-discovery-warnermedia/index.html
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WarnerMedia
Warner Media, LLC was an American multinational mass media and entertainment conglomerate owned by AT&T. It was headquartered at the 30 Hudson Yards complex in New York City. It was established as Tim…... Read more