Discovery Shareholders Approve Merger With WarnerMedia

ISS, an influential shareholder advisory firm, has recommended “withhold” votes for the three Discovery directors up for reelection at the April annual meeting “due to poor stewardship” in compensation.

AT&T has firmed up more details of its spinoff of WarnerMedia, which is poised to combine with Discovery in a $43 billion merger.

EXCLUSIVE: Child advocate and Safe from Online Sex Abuse founder Roo Powell will continue her efforts to identify some of the internet’s most dangerous child predators as Discovery+ renews her docuseries Undercover Underage for season 2.

Stacey Abrams has gone from super Star Trek fan, to being part of the franchise, thanks to a cameo role on Star Trek: Discovery.

Endeavor CEO Ari Emanuel, who has long espoused the benefits of streaming’s boom times, said he’s “not nervous” about Warner Bros Discovery possibly pumping the brakes as it looks to take on Netflix and Disney.

Gallery: ‘I feel like an ogre!' These stars just say NO to high heels (BANG Showbiz)Discussing her favourite boots, she added: "I discovered Blundstones because of my daughter [Margaret]. My sweet son lives in Montana, he and his partner are very humble. I called them up and I said, ‘Do you have Blundstones? Do you realise how cool you are?’ And they just loved hearing that.

Discovery and AT&T have determined the 13 members of the board of directors for Warner Bros Discovery, the new company that will be created via a pending $43 billion merger.

Former PricewaterhouseCoopers CEO Samuel Di Piazza Jr. has been named chairman of the board of Warner Bros. Discovery.

Todd Spangler NY Digital EditorSamuel Di Piazza Jr. will serve as the chairman of Warner Bros.

Manori Ravindran International EditorWarner Bros. Discovery’s plans to merge streaming services HBO Max and Discovery Plus in the U.S.

Jennifer Maas TV Business WriterDiscovery — which is about to become Warner Bros. Discovery within the next month, when its merger with AT&T’s WarnerMedia closes — has confirmed its plans to combine its current streaming service Discovery Plus and WarnerMedia’s HBO Max into one service, rather than offer the two platforms as a bundle.Discovery CFO Gunnar Wiedenfels, who will also serve as CFO of the newly combined Warner Bros.

Discovery just announced that its stockholders have approved its merger with AT&T’s WarnerMedia to create Warner Bros. Discovery, “a premier, global entertainment company” — marking the completion of one of the few remaining closing conditions for the merger.

Jennifer Maas TV Business WriterDiscovery investors voted in approval of the company’s $43 billion acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery during a special meeting of stockholders Friday, marking one of the final formal steps before the transaction can close.The deal, a spinoff of WarnerMedia from AT&T, is expected to be completed early in Q2, with insiders telling Variety the estimated date is between April 11-28. The merger has already received approval from the U.S.

Jennifer Maas TV Business WriterWarnerMedia has been owned by telco giant AT&T for less than four years and it will soon have a new parent company — likely by the end of next month.Discovery’s shareholder vote on the acquisition of WarnerMedia is set for today during a special meeting of stockholders set for 10 a.m. ET. The deal is expected to get an easy thumbs-up given the approval already bestowed by Discovery’s oldest and most influential holders, investor John Malone and Advance/Newhouse Co.

Discovery shareholders are set to OK the $43 billion merger with WarnerMedia on Friday, the last big step before AT&T completes the spinoff. Ahead of the deal’s expected close next month, a who’s-in/who’s-out parlor game is gaining intensity as CEO David Zaslav finalizes the leadership team.

Discovery today priced $30 billion in senior unsecured notes in a debt offering to raise cash for its merger with WarneMedia.