NASDAQ:DISCA
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Discovery Communications Stock News

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At Close: Aug 17, 2022

Discovery and AT&T CEOs discuss media deal

01:50pm, Monday, 17'th May 2021
Discovery CEO David Zaslav and AT&T CEO John Stankey discuss the plan to combine WarnerMedia (CNN's parent company) and Discovery into a new standalone media company.
Since AT&T bought Time Warner in 2018 to compete with Netflix and Disney, the world of streaming video has only gotten more cutthroat.
In a CNBC interview, Discovery CEO David Zaslav offered a lofty long-term subscriber target for the new company created out of a merger with AT&T's WarnerMedia.
David Zaslav, the longtime chief executive of Discovery Communications Inc., will sit at the helm of AT&T Inc's WarnerMedia division and Discovery's combined media company.
The pace of strategic combinations is picking up momentum.
With the trading day more than halfway over, the markets were pulling back to start out the week.
AT&T to spin off Warner Media assets in tie-up with Discovery Inc. to take on Netflix and Disney
AT&T is planning to spin off WarnerMedia in a $43 billion merger deal with competitor Discovery in a move that will create a TV, film and streaming powerhouse, according to AT&T and media reports on M

AT&T Will Spin Off HBO to Merge With Discovery

11:26am, Monday, 17'th May 2021
The move will create a new streaming powerhouse.

Merger Monday Joins WarnerMedia with Discovery

11:17am, Monday, 17'th May 2021
This new entity looks to be a bigger company than both NBCUniversal and Netflix.
Empire State Manufacturing Index for May Came in Lower-than-Expected
The shares of Discovery Communications Inc. (NASDAQ:DISCA) are up 1.7% at $36.25 at last check, while AT&T Inc. (NYSE:T) was last seen up 4.2% at $33.59, after the two companies announced a $43 bill
Discovery CEO David Zaslav and AT&T CEO John Stankey join "Squawk on the Street" to discuss the decision to merge WarnerMedia with Discovery.
AT&T Inc (NYSE:T) has agreed terms of a combination with Discovery Inc (NASDAQ:DISCA) setting up yet more consolidation in the media sector as content IP owners seek shelter against ‘cord-cutting'.
U.S. telecoms giant AT&T on Monday announced a deal combining its content unit WarnerMedia with Discovery, paving the way for one of Hollywood's biggest studios to compete with the likes of rival medi
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