Discovery's merger with CNN parent company WarnerMedia takes effect, creating a streaming media giant called Warner Bros. Discovery
New York Discovery's merger with WarnerMedia took effect on Friday afternoon, creating a streaming media giant led by CEO David Zaslav.
The deal combines two treasure troves of content and foreshadows further changes in the streaming era.The newly formed company, Warner Bros. Discovery, will begin publicly trading on Monday. Zaslav will hold a town hall event for employees of the combined company later in the week, according to a person familiar.The deal, first announced last May, is a climactic moment for Zaslav and his longtime deputies at Discovery, best known for brands like Animal Planet, TLC and HGTV.
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