WarnerMedia, Discovery Could Merge: Report

The new entity is expected to be owned by AT&T and Discovery, according to a CNBC report, but no details were immediately released.

US telecommunications giant AT&T could announce as soon as Monday a merger between its WarnerMedia unit -- which owns CNN and HBO -- and Discovery media, media reports said. The new entity is expected to be owned by AT&T and Discovery, according to a CNBC report, but no details were immediately released. Bloomberg, citing people with knowledge of the matter, reported a deal "could be announced announced as soon as this week." Contacted by AFP, neither AT&T, WarnerMedia, or Discovery had responded on Sunday evening.