Discovery Communications Stock News

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Progressive Democrats in Congress have called on the U.S. Department of Justice conduct a thorough investigation into the proposed $43 billion merger of AT&Ts (NYSE: T ) WarnerMedia and Discovery Inc. (NASDAQ: DISCA ). What Happened: Variety reported the concern was spearheaded by Sen. Elizabeth Warren (D-MA) and Reps. Joaquin Castro (D-TX), House Antitrust Subcommittee Chairman David Cicilline (D-RI) and Congressional Progressive Caucus Chairwoman Pramila Jayapal (D-WA). The legislators sent a letter U.S. Attorney General Merrick Garland and DOJ antitrust chief Jonathan Kanter arguing that the merger would limit employment opportunity and consumer choices. This transaction raises significant antitrust concerns, the letter said. In particular, Full story available on Benzinga.com

Discovery inked a development deal for a slate of new original series for Discovery Plus from Group Nine Media, the digital media company whose brands include NowThis, the Dodo, Thrillist and Seeker. Discovery is one of the founding investors in New York-based Group Nine and has already licensed some Group Nine programming for Discovery Plus. []

BTs protracted £600 million sale of its sports channels to streaming service DAZN could be off after it emerged the telco was in separate talks with Discovery. Source: Discovery-BT Sport could derail DAZN sale

Futures Rebound From Friday Rout As Omicron Fears Ease S&P futures and European stocks rebounded from Fridays selloff while Asian shares fell, as investors took comfort in reports from South Africa which said initial data doesnt show a surge of hospitalizations as a result of the omicron variant, a view repeated by Anthony Fauci on Sunday. Meanwhile, fears about a tighter Fed were put on the backburner. Also overnight, Chinas central bank announced it will cut the RRR by 50bps releasing 1.2tn CNY in liquidity, a move that had been widely expected. The cut comes as insolvent Chinese property developer Evergrande was said to be planning to include all its offshore public bonds and private debt obligations in a restructuring plan. US equity futures rose 0.3%, fading earlier gains, and were last trading at 4,550. Nasdaq futures pared losses early in the U.S. morning, trading down 0.4%. Oil rose after Saudi Arabia boosted the prices of its crude, signaling confidence in the demand outlook, which helped lift European energy shares.

AT&T has seen its shares slump to a 12-year low on the back of interest rate worries. See why I think buying AT&T stock while sentiment is weak could pay off.

Democrats in Congress are taking aim at the pending $43 billion merger of WarnerMedia and Discovery, pushing the Justice Department to scrutinize the transaction on antitrust grounds. In a letter sent Monday to Attorney General Merrick Garland and Justice Department antitrust chief Jonathan Kanter, the legislators assert that too much consolidation in media will hurt […]

US media giant Discovery is in talks with BT Sports over a potential partnership deal that would derail months of talks with sports streaming service DAZN US media giant Discovery is in talks with BT Sports over a potential partnership deal that would derail months of talks with sports streaming service DAZN over a £600m outright sale.

Nisa Investment Advisors LLC trimmed its position in Discovery, Inc. (NASDAQ:DISCA) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,350 shares of the companys stock after selling 5,100 shares during the quarter. Nisa Investment Advisors LLCs holdings in Discovery were worth []

North Star Asset Management Inc. increased its holdings in Discovery, Inc. (NASDAQ:DISCK) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 349,519 shares of the companys stock after purchasing an additional 1,920 shares during the period. North Star Asset Management Inc.s holdings in Discovery []

Stockman: A (Bad) Tale Of Two Inflations Authored by David Stockman via Contra Corner blog, Our paint by the numbers central bankers have given the notion of being literalistic a bad name. For years they pumped money like mad all the while insisting that the bogus lowflation numbers were making them do it. Now with the lagging measures of inflation north of 5% and the leading edge above 10%, they have insisted loudly that its all transitory. Well, until today when Powell pulled a U-turn that would have made even Tricky Dick envious. That is, he simply declared transitory to be inoperative. Or in the context of the Watergate scandal of the time, This is the operative statement. The others are inoperative. This 1973 announcement by Richard Nixons press secretary, Ron Ziegler, effectively admitted to the mendacity of all previous statements issued by the White House on the Watergate scandal. Still, we wont believe the Fed heads have given up their lying ways until we see the whites of their eyes.

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in Discovery, Inc. (NASDAQ:DISCA) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,764 shares of the companys stock after selling 841 shares during the quarter. Sumitomo Mitsui []

TimeWarner is worth valuing as a standalone business and its ability to drive shareholder rewards.

Pinnacle Associates Ltd. lowered its holdings in Discovery, Inc. (NASDAQ:DISCK) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 657,444 shares of the companys stock after selling 9,789 shares during the period. Pinnacle Associates Ltd. owned about 0.13% of Discovery worth []