Stankey, John T

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    Discovery and AT&T: How a Huge Media Deal Was Done

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    An early-morning meeting at a Greenwich Village townhouse, under the watchful eye of Steve McQueen, was part of a monthslong campaign.In the predawn hours of April 1, David Zaslav, the chief executive of Discovery, arrived at a rented townhouse in Manhattan’s Greenwich Village — decorated with photos of rock stars and one of the actor Steve McQueen in sunglasses holding a gun — to prepare for a meeting that would soon reverberate across the American media industry. More

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      An Old-School Media Titan Pushes Aside an Upstart

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      LOS ANGELES — It’s the law of the Hollywood jungle. The biggest cats win.It was only last year that Jason Kilar, a digital media executive, was named the chief executive of WarnerMedia, a division of AT&T that includes HBO, Warner Bros. and CNN. In particular, AT&T wanted Mr. Kilar to turn an upstart streaming service, HBO Max, into a Netflix-style powerhouse. More

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      in Television

      AT&T's WarnerMedia Group to Merge With Discovery

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      AT&T’s WarnerMedia group is merging with the reality programmer Discovery. What does that mean for your favorite shows?It’s as if Logan Roy, the fictional patriarch of the Waystar Royco media empire on HBO’s popular series “Succession,” masterminded the deal himself: AT&T has thrown in the towel on its media business and decided to spin it off into a new company that will merge with Discovery Inc. More