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Warner Communications served as the parent company for Warner Bros. Pictures, the Warner Music Group (WMG), Warner Books and Warner Cable during the 1970s and 1980s. It also owned DC Comics and Mad magazine.
In 1979, Warner Communications formed a joint venture with credit card company American Express called Warner-Amex Satellite Entertainment. American Express acquired a 50% stake in Warner Communications' cable television holdings for $175 million.
Apr 12, 2022 · On Friday, AT&T and Discovery completed a $43bn merger creating the mega-media conglomerate Warner Bros Discovery. The closure of the deal introduces the biggest pure entertainment brand...
Apr 8, 2022 · Discovery’s existing shareholders own the remainder of the new company. In addition to their new shares of WBD common stock, AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close.
Apr 8, 2022 · Discovery announces executive team for forthcoming Warner Bros. Discovery media giant. Shareholders of AT&T (T), which spun off WarnerMedia earlier this week, hold 71% of shares in the new...
Apr 8, 2022 · April 8 (Reuters) - AT&T Inc's (T.N) WarnerMedia unit and Discovery Inc (DISCA.O) have completed their merger, the companies said on Friday. The combined company, Warner Bros Discovery Inc,...
As of April 8, 2022 (the “Closing Date”), Discovery, Inc. (“Discovery”) was renamed Warner Bros. Discovery in connection with the completion of the transactions (the “Transactions”) to acquire the WarnerMedia business from AT&T Inc. (“AT&T”).
