AT&T's WarnerMedia and Discovery announce US$43-billion merger

DALLAS and NEW YORK — AT&T and Discovery announced today a US$43-billion agreement to combine the entertainment and media assets of WarnerMedia and Discovery, including their streaming services HBO Max and discovery+. WarnerMedia’s entertainment and news brands include HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Discovery’s portfolio of brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, plus the streaming services discovery+, Food Network Kitchen and MotorTrend OnDemand. Discovery’s other media assets include Magnolia Network, OWN: Oprah Winfrey...