Discovery Closes $43 Billion Acquisition of AT&T’s WarnerMedia
variety.comJennifer Maas TV Business WriterDiscovery completed its $43 billion acquisition of WarnerMedia from AT&T on Friday to form new company Warner Bros.
Discovery.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.Discovery is the parent of Discovery Plus, Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Turbo/Velocity, Animal Planet, Science Channel and OWN (Oprah Winfrey Network).Here is the new leadership structure for Warner Bros.
Discovery, as announced by CEO David Zaslav on Thursday.On Friday, it was revealed Jon Steinlauf will oversee U.S. ad sales for the new Warner Bros.
Discovery, a key position at the company that is, like many other senior operating roles, going to an executive who has familiarity working with Zaslav.
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