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Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
On Feb. 1, 2022, AT&T (NYSE:T) finally announced details on the spin-off of its WarnerMedia subsidiary after its merger with Discovery, Inc. (NASDAQ:DISCA, NASDAQ:DISCK, NASDAQ:DISCB). The ...
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 ...
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, 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.
Warner Bros. Discovery (NASDAQ:WBD), formed two weeks ago from the merger of WarnerMedia. The spin-off from AT&T’s (NYSE:T) Discovery, Inc. is tanking. It first started trading around $25 per ...
Q3 revenue in Warner Bros. Discovery’s direct-to-consumer streaming segment rose 9% to $2.6 billion, and adjusted earnings came in at $289 million, a $178 million increase from the year-prior ...
In his first earnings report since an April merger created one of the largest media companies in the U.S., on Aug. 4 Warner Bros. Discovery (WBD) CEO David Zaslav announced plans to combine HBO Max...