Discovery Chief Overhauls Leadership After WarnerMedia Acquisition

  • Discovery, Inc. DISCA CEO David Zaslav picked his lieutenants as senior leaders of the combined group after acquiring WarnerMedia from AT&T Inc Tthe 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 ShareholdersDiscovery 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.

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