Discovery And AT&T Determine Board Of Directors For Merging Media Company

deadline.com:

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.The board includes many existing directors for Discovery and AT&T, parent of WarnerMedia and soon to be a partner in the new entity.

Samuel Di Piazza, who currently sits on AT&T’s board, will be chairman of Warner Bros. Discovery.Discovery CEO David Zaslav, who will lead the new company, will be a Discovery designee to the WBD Board.

As agreed in the initial merger proposal last May, Discovery gets six designated board members and AT&T gets seven. John Malone, a billionaire and widely respected media veteran, is one of the key Discovery choices and had long advocated for the merger with WarnerMedia.Current AT&T board members being named to the WBD Board will step down from their AT&T board positions upon the closing of the combination.“I look forward to working alongside and benefiting from the collective experience of this group of distinguished leaders,” Zaslav said. “This board brings diverse personal perspectives, strong track records and invaluable industry knowledge.

Its stewardship will help establish the company as the premier creator of impactful storytelling across genres and platforms.”The merger was approved last week by Discovery shareholders, clearing the final hurdle before it can be completed.