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Discovery Chief Overhauls Leadership After WarnerMedia Acquisition

Author: Anusuya Lahiri | April 07, 2022 02:50pm

Discovery, Inc. (NASDAQ:DISCA) CEO David Zaslav picked his lieutenants as senior leaders of the combined group after acquiring WarnerMedia from AT&T Inc (NYSE: T), the Financial Times reports.
The $43 billion merger of Warner and Discovery will likely close by April 8.
JB Perrette, who has led Discovery's international and streaming businesses, is set to run the streaming businesses of the combined Warner-Discovery.
Also Read: AT&T To Spin Off Interest In WarnerMedia To Its Shareholders, Discovery CFO Confirms Merger With WarnerMedia's HBO Max App
Kathleen Finch, another Discovery executive, will run the television channels, including TBS and TNT.
Discovery's CFO will hold the equivalent jobs at the new group.
Nine senior executives from Warner, including its CEO Jason Kilar, departed from the company.
Price Action: DISCA shares traded lower by 3.59% at $23.06 on the last check Thursday.

Posted In: DISCA T