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Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
Warner Bros. Discovery hopes a split will lead to a better chance of making it whole. The company said Thursday that it would, going forward, “serve as the parent company for two distinct ...
All eyes are on AT&T's WarnerMedia spinoff with Discovery. ... the soon-to-be Warner Bros. Discovery, or both. AT&T's WarnerMedia will represent 71% of Warner Bros. Discover, and its shareholders ...
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
On May 17, 2021 AT&T announced that it was spinning off its content subsidiary WarnerMedia and merging it with Discovery, Inc. to form a new company, Warner Bros. Discovery, subject to regulatory approval. The deal, which closed in April 2022, was structured as a Reverse Morris Trust; at the time the deal was completed, AT&T's shareholders held ...
Warner Bros. Discovery stock, which has been gaining ground in recent weeks after falling to a low of about $6 a share earlier this year, jumped 15.4% on the news to $12.49. Zaslav and his team ...
AT&T’s (NYSE:T) merger-spinoff is now complete, with Warner Bros. Discovery (NASDAQ:WBD) trading as its own entity. Investors are hoping that this decision ends up creating value between the two ...
Warner Bros. Discovery (NASDAQ:WBD) emerged from the recent spin-off of the folks who brought us Bugs Bunny from AT&T (NYSE:T) and subsequent merger with Discovery. This corporate repositioning ...