AT&T and Discovery announce merger
CNN – AT&T and Discovery, Inc. announced a deal on Monday morning, under which AT&T’s WarnerMedia will be spun off and combined with Discovery in a new standalone media company.
The deal, while subject to regulatory approval, will combine all streaming content, including the HBO Max and discovery+ streaming services. CNN will be included in the transaction.
Discovery CEO David Zaslav will run the combined business, according to the announcement. “Executives from both companies” will be in “key leadership roles” according to a press release.
The deal...
