Discovery takes control of HBO, CNN, and Warner Bros., creating new media giant
CNN
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 said he will hold a town hall event for employees of the combined company later in the week.
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