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POLITICO Playbook: The reasons for optimism — but more pessimism — in Ukraine

POLITICO Playbook: The reasons for optimism — but more pessimism — in Ukraine
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.

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How WarnerMedia and Discovery plan to forge a media behemoth

How WarnerMedia and Discovery plan to forge a media behemoth
18 May, 2021 11:16 PM
8 minutes to read
AT&T-owned WarnerMedia and Discovery hope to rival Netflix and Disney for eyeballs in the streaming market. Photo / AP
AT&T-owned WarnerMedia and Discovery hope to rival Netflix and Disney for eyeballs in the streaming market. Photo / AP
Financial Times
By: Anna Nicolaou, Alex Barker and James Fontanella-Khan
Lockdowns spurred many Americans to invest in home renovation projects or new hobbies. For David Zaslav, late-pandemic boredom spawned another idea: buying a US$100 billion ($138b) company.
In February, the Discovery chief executive had arranged
to play golf with AT&T chief John Stankey at the Pebble Beach Pro-Am tournament in California. But a Covid-19 surge wrecked the plan and Zaslav, feeling bummed , sent Stankey an email instead: Give me a buzz: I got an idea. ....

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David Zaslav to Lead Combined WarnerMedia-Discovery as Landmark Deal is Confirmed

David Zaslav to Lead Combined WarnerMedia-Discovery as Landmark Deal is Confirmed
Brian Steinberg, provided by
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David Zaslav was officially named Monday to lead a new combination of WarnerMedia and Discovery, propelling him to the top ranks of operators in the industry and offering just the latest example of consolidation among media conglomerates as the rise of video streaming continues to upend the entire sector.
Zaslav’s ascension is part of a surprising move by AT&T and Discovery to pool their media resources and make a bid to compete more directly with large rivals like Netflix, Walt Disney and NBCUniversal. Under terms of the deal, AT&T shareholders will control 71% of the new company, while Discovery shareholders would own 29%. The boards of both companies have approved the pact and the transaction is expected to close in mid-2022, subject to approval by regulators and Discovery shareholders. Two key Discovery backers, the media execut ....

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