AP

Trading starts of new Warner Bros. Discovery media giant

Apr 10, 2022, 7:08 PM | Updated: Apr 11, 2022, 7:19 am

FILE - In this Oct. 21, 2014 file photo, people pass an AT&T store in New York's Times Square. Shar...

FILE - In this Oct. 21, 2014 file photo, people pass an AT&T store in New York's Times Square. Shares of the new Warner Bros. Discovery media giant, the $43 billion combination of Discovery and the AT&T spinoff WarnerMedia, have begun trading Monday, April 11, 2022. (AP Photo/Richard Drew, File)

(AP Photo/Richard Drew, File)

Shares of the new Warner Bros. Discovery media giant, the $43 billion combination of Discovery and the AT&T spinoff WarnerMedia, have begun trading Monday.

The bulked-up company combines the owner of storied film studio Warner Bros., TV networks including CNN, HBO and the streaming service HBO Max, with Discovery Inc., the parent of networks that focus on reality television like HGTV and its own streaming service, Discovery+. The deal closed on Friday.

AT&T Inc. last year decided to separate WarnerMedia as the company unravels its entertainment-oriented deal-making of the past several years and focuses on phone and internet service.

Discovery CEO David Zaslav is running the combined company, and there are already changes expected, such as offering Discovery+, HBO Max and a brand-new cable news streamer, CNN+, as a bundle, or even merging services into a single app. Disney, a major rival, says the bundling approach has helped it attract and keep streaming subscribers as entertainment companies launched a slew of offerings intended to rival Netflix.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Image: A cargo ship is stuck under the part of the structure of the Francis Scott Key Bridge after ...

Associated Press

Authorities identify 2 bodies recovered at site of Baltimore bridge collapse

A major bridge in Baltimore snapped and collapsed after a container ship rammed into it early Tuesday, and several vehicles fell into the river below.

2 days ago

Photo: Mountaineer Jim Whittaker has died at 95....

Gene Johnson, The Associated Press

Lou Whittaker, among the most famous American mountaineers, has died at age 95

Lou Whittaker, a legendary American mountaineer who helped lead ascents of Mount Everest, K2 and Denali, has died at age 95.

2 days ago

File photo: Former Sen. Joe Lieberman speaks in Washington on Jan. 18, 2024....

Associated Press

Former Sen. Joe Lieberman, Democrats’ VP pick in 2000, dead at 82

Former U.S. Sen. Joe Lieberman of Connecticut, who nearly won the vice presidency on the Democratic ticket with Al Gore in 2000, has died.

2 days ago

islamic state attack...

Vanessa Gera, The Associated Press

What we know after the Islamic State group claims responsibility for Moscow massacre

The Islamic State group has claimed responsibility for an attack on a suburban Moscow concert hall that killed at least 133 people.

5 days ago

Moscow shooting...

The Associated Press

Russia: 60 dead, 145 injured in concert hall raid; Islamic State group claims responsibility

Assailants burst into a concert hall in Moscow on Friday and sprayed the crowd with gunfire, killing over 60 people, injuring more than 100.

7 days ago

Photo: Britain's Kate, Duchess of Cambridge visits 282 (East Ham) Squadron, RAF Air Cadets, Cornwel...

Associated Press

Kate Middleton announces she has cancer, is undergoing chemotherapy

Kate Middleton, Princess of Wales, says she is undergoing chemotherapy to treat cancer. She has been out of view since Christmas.

7 days ago

Trading starts of new Warner Bros. Discovery media giant