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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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CW Boss Mark Pedowitz Talks Discovery-WarnerMedia Deal, Programming Saturdays

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variety.com

Joe Otterson TV ReporterMark Pedowitz, chairman and CEO of The CW, spoke about the upcoming Discovery-WarnerMedia merger during a programming conference call on Tuesday.Asked how the deal would affect The CW, which is owned in part by Warner Bros., Pedowitz said “At the moment, it does not.

I don’t have any answers beyond that…We’re going to adapt, put our heads down, and do our jobs.”The deal will see Discovery acquire WarnerMedia after the prized entertainment brand is spunoff from AT&T.

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