"The belief is this combination is a legitimate possibility for these two streaming services to rise up into the top 'must-have' tier," he said. NEW YORK (AP) — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. WarnerMedia and Discovery Merger: 5 Things to Know About ... Discovery CEO David Zaslav, who will have operational control of a combined WarnerMedia and Discovery, won't be able to put his mark on the company immediately. "The belief is this combination is a legitimate possibility for these two streaming services to rise up into the top 'must-have' tier," he said. The WarnerMedia and Discovery combination could make it a "Big 4,'" of general entertainment streamers, said Tim Hanlon, CEO of consulting firm The Vertere Group. WarnerMedia and Discovery Mega-Deal Leaves Rival Studios ... AT&T to spin off WarnerMedia, basically admitting giant ... EXPLAINER: How AT&T-Discovery deal affects consumers ... AT&T announced Monday that it was spinning off WarnerMedia into an independent company that will merge with Discovery Inc. and be run by Discovery CEO David Zaslav. A leading financial analyst writes: Discovery, AT&T Broke Off WarnerMedia Talks Before ... The number are expected to rise to $107 million and $86 million, respectively by the time the deal closes. AT&T's "Cowboy Swagger" Led to Its Hollywood Misadventure ... AT&T has announced a $43 billion deal that will spin off WarnerMedia and merge the media powerhouse with Discovery, bringing together the likes of CNN, HBO, Warner Bros., HGTV, OWN Network, and . Topline. Discovery announces new name of WarnerMedia merger: Warner ... As of November 1, WarnerMedia had 29,000 employees around the world, with 68% of them in . AT&T's WarnerMedia To Merge With Discovery In $43 Billion Deal It's still not clear whether the merger will result in a single streaming service or several bundled together, but it will have a vast array of content to offer: scripted and reality TV, movies, sports including the NBA and . As Wiedenfels is "set to play a key role in the critical integration of the Discovery and WarnerMedia units," he tried to keep the focus of his interview on the consumers and content that'll be available to them once the deal closes. Capitol riot suspect Douglas Jensen blames 'pack of lies,' seeks jail release. WarnerMedia + Discovery Is A Recipe For ? WarnerMedia is a powerful portfolio of iconic entertainment, news, and sports brands. Under the terms of the all-stock agreement, AT&T will receive $43 billion (a figure subject to adjustment) in a combination of cash, debt securities and WarnerMedia's retention of certain debt, and AT&T's shareholders will . Turner Sports, a division of WarnerMedia, is an industry leader in the delivery of premium sports content across all multimedia screens. Discovery CEO David Zaslav will take over the combined company when the merger closes potentially . . NEW YORK (AP) — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal.The . 5m. AMZN. The new deal won't close . The WarnerMedia and Discovery combination could make it a "Big 4,'" of general entertainment streamers, said Tim Hanlon, CEO of consulting firm The Vertere Group. David Zaslav is relocating from New York to the Left Coast: The CEO of Discovery, who is set to lead the proposed combo of WarnerMedia and Discovery, said he will primarily be based in Los Angeles by the time the deal is expected to close in mid-2022. The WarnerMedia and Discovery combination could make it a "Big 4,'" of general entertainment streamers, said Tim Hanlon, CEO of consulting firm The Vertere Group. That typically means layoffs are coming. AT&T has announced a $43 billion deal that will spin off WarnerMedia and merge the media powerhouse with Discovery, bringing together the likes of CNN, HBO, Warner Bros., HGTV, OWN Network, and . "Leverag… The merger of AT&T's WarnerMedia division with Discovery is the first major media combination of the Biden era, and could give an indication of where the new administration is headed on a… Following the merger and recent layoffs at the company, fans are sure to have questions about the publisher's future. On Monday, May 17, AT&T said it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. But there's CNN's primetime lineup, which can't even attract . Three years ago, I wrote here: "Discovery must be in play after AT&T's recent takeover of Time Warner with its Warner Bros, HBO and Turner programming assets."(Discovery for Sale, June 20, 2018)ATT confirmed today that it will spin off its renamed WarnerMedia unit into Discovery Inc.. My Initial Takeaways: 1.Discovery Transformed. "The belief is this combination is a legitimate possibility for these two streaming services to rise up into the top 'must-have' tier," he said. AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. Topline. John Malone, the billionaire media mogul who is a longtime stakeholder in Discovery, said its pending merger with WarnerMedia will incur debt but will make up for it in cost savings. The new deal won't close until the middle of 2022, leaving WarnerMedia "kind of frozen for at minimum a year," says Brian Wieser, global president of business intelligence . Layoffs expected as WarnerMedia reorganizes its leadership team after AT&T acquisition Published Mon, Mar 4 2019 9:00 AM EST Updated Mon, Mar 4 2019 10:17 AM EST Lauren Feiner @lauren_feiner . NEW YORK (AP) — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. AT&T unveiled it will merge its media division WarnerMedia with Discovery in a $43 billion deal on Monday morning, to create a standalone global media conglomerate that will combine the . WarnerMedia and Discovery both launched their own streaming services, HBO Max and Discovery+, within the past two years. AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. But there's CNN's primetime lineup, which can't even attract . Discovery stock jumped 18% on Monday in premarket trading on news the company is merging with AT&T's WarnerMedia entertainment assets. Discovery CEO David Zaslav, who will have operational control of a combined WarnerMedia and Discovery, won't be able to put his mark on the company immediately. AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. Turner Sports' television coverage includes the NBA, Major League Baseball, NCAA Division I Men's Basketball Championship, ELEAGUE and professional golf, along with the UEFA Champions League and UEFA Europa League. AT&T Chief John Stankey Fields Questions About Layoffs, Discovery and WarnerMedia Merger Brent Lang 5/18/2021. AT&T shareholders will own 71 percent of the combined business, but Discovery's C.E.O., David Zaslav . The WarnerMedia and Discovery combination could make it a "Big 4,'" of general entertainment streamers, said Tim Hanlon, CEO of consulting firm The Vertere Group. WarnerMedia-Discovery Merger Shows the Streaming Wars Are About to Go Nuclear The combined company, boasting HBO, CNN, and Discovery networks, could rival content powerhouses like Disney and Netflix. AT&T chief John Stankey and Chief Financial Officer Pascal Desroches were asked tough questions about the implications of the pending merger of WarnerMedia and Discovery during an all-hands . NEW YORK (AP) — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. NEW YORK — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. built into these deals are "synergies" that are designed to save costs amounting to maybe $3 billion worth of layoffs . AT&T unveiled it will merge its media division WarnerMedia with Discovery in a $43 billion deal on Monday morning, to create a standalone global media conglomerate that will combine the . CNN averaged a catastrophic 480,000 total-day viewers in October, a massive 76% loss from January. "The merger . The WarnerMedia and Discovery combination could make it a "Big 4,'" of general entertainment streamers, said Tim Hanlon, CEO of consulting firm The Vertere Group. Discovery and WarnerMedia are merging, and they're getting a new name, Warner Bros. "The belief is this combination is a legitimate possibility for these two streaming services to rise up into the top 'must-have' tier," he said. WarnerMedia and Discovery Merging? May 24, 2021 12:20 . The deal, which isn't slated to close until next year, will create new publicly traded company that will enter a streaming arena that has been flooded in the past two years with new players including those owned by AT&T . "I'm moving to California," Zaslav said, speaking Wednesday at the Paley Center for Media's International Council Summit. Realizing $ 3 billion in cost savings will inevitably mean more layoffs - at WarnerMedia and Discovery. 5 Things It Could Mean for the Future of Streaming. In October, Fox News averaged 1.4 million viewers, maintaining its total-day viewership from earlier this year, while MSNBC averaged 657,000 viewers, a 61% decline from January. The WarnerMedia and Discovery combination could make it a "Big 4,'" of general entertainment streamers, said Tim Hanlon, CEO of consulting firm The Vertere Group. Under the terms of the all-stock agreement, AT&T will receive $43 billion (a figure subject to adjustment) in a combination of cash, debt securities and WarnerMedia's retention of certain debt, and AT&T's shareholders will . This is a pretty good deal for AT&T shareholders. The deal, which isn't slated to close until next year, will create new publicly traded company that will enter a streaming arena that has been flooded in the past two years with new players including those owned by AT&T . Mr. Zaslav said there is a treasure trove of talent at WarnerMedia, emphasizing the fact that Discovery does not produce screenplay programs. Together, WarnerMedia and Discovery garnered more than $41 billion in ad sales in 2020, with an operating profit above $10 billion. +1.68%. AT&T paid $85 billion for Time Warner a few years ago. 21. "The belief is this combination is a legitimate possibility for these two streaming services to rise up into the top 'must-have' tier," he said. The combined firm will likely see significant layoffs as leaders evaluate what services are duplicative as well as how big . NEW YORK (AP) — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. In October, Fox News averaged 1.4 million viewers, maintaining its total-day viewership from earlier this year, while MSNBC averaged 657,000 viewers, a 61% decline from January. Jon Brodkin - May 17, 2021 4:53 pm UTC Discovery and WarnerMedia expect the deal to close in the middle of 2022, meaning any cost-cutting measures including layoffs probably won't happen immediately. The new company will combine the media assets of WarnerMedia with Discovery. WarnerMedia-Discovery Merger Shows the Streaming Wars Are About to Go Nuclear The combined company, boasting HBO, CNN, and Discovery networks, could rival content powerhouses like Disney and Netflix. GO AD-FREE, GET EXCLUSIVE CONTENT, BECOME A PREMIUM USER. The new deal won't close . Now AT&T gets $43 billion in cash and debt reduction, merges Warner Media with Discovery, spins it out, and shareholders in AT&T get 79% of the new, larger media company. We bring people, technology, and the world's best storytellers together to drive culture and meaningful connection. AT&T announced Monday that it was spinning off WarnerMedia into an independent company that will merge with Discovery Inc. and be run by Discovery CEO David Zaslav. CNN averaged a catastrophic 480,000 total-day viewers in October, a massive 76% loss from January. NEW YORK — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion . On May 17, Stankey announced that WarnerMedia will be spun off and combined with Discovery Inc.—which has its own slate of cable channels, including HGTV and Discovery, and a streaming service . NEW YORK — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. HBO owner WarnerMedia has kicked off a significant round of layoffs as the company battles steep financial losses related to the pandemic. Former managing editor for Mediaite and the Independent Journal Review Jon Nicosia took to Twitter on November 11th to share the "scoop" on what could be coming down the pike at CNN due to the looming merger between Discovery and WarnerMedia. AT&T to spin off WarnerMedia, basically admitting giant merger was a mistake WarnerMedia and Discovery to merge, and standalone AT&T will focus on broadband. The deal, which isn't slated to close until next year, will create new publicly traded company that will enter a streaming arena that has been flooded in the past two years with new players including . Discovery CEO David Zaslav, who will have operational control of a combined WarnerMedia and Discovery, won't be able to put his mark on the company immediately. "Christy, no one won," Stankey said. NEW YORK (AP) — AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. "They weren't taking it too seriously early in the year," says a CNN source of the company's streaming play. and there are also sure to be layoffs, perhaps particularly on the Warner side (which already saw cuts . The . AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. Under the deal, AT&T will spin off its $85 billion acquisition of Time Warner to form a new company with Discovery. Discovery. Discovery-WarnerMedia's $3B in Cost-Savings: Where Will That Come From? Today, AT&T and Discovery Inc. announced a $43 billion deal to merge WarnerMedia with Discovery. AT&T will spin out WarnerMedia through a reverse Morris Trust and merge it with Discovery. WarnerMedia and Discovery are merging, . The decision to combine WarnerMedia with Discovery is rooted in this conclusion." Discovery's nonfiction-focused streaming service launched in January, utilizing a library of shows from channels . WarnerMedia chief executive Jason Kilar emailed staffers . "The belief is this combination is a legitimate possibility for these two streaming services to rise up into the top 'must-have' tier," he said. Stankey was asked by WarnerMedia communications chief Christy Haubegger about press coverage of the sale, which focused on how Discovery chief David Zaslav had stealthily orchestrated the shocking merger and positioned the story as "a David and Goliath tale," one in which Discovery was the victor. Discovery Inc.'s "groundbreaking" $43 billion deal for AT&T Inc.'s WarnerMedia business may make the career highlight reel for members of Discovery's management team, but it also could . We bring people, technology, and the world's best storytellers together to drive culture and meaningful connection.
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