Warner Bros. Discovery U.K. Exit GB News Network
variety.comK.J. Yossman Warner Bros. Discovery U.K. has exited its investment in start-up U.K. news network GB News.In a brief statement, the company said: “Following the merger between Discovery and WarnerMedia earlier this year our portfolio now includes several wholly owned news brands including CNN Worldwide, TVN Group in Poland and Newshub in New Zealand.
In light of this, and our continued evaluation of our global and local investment portfolio, we have exited our investment in GB News and are no longer shareholders.”“Discovery was one of the first organisations to invest in GB News, doing so prior to the creation of Warner Bros.
Discovery,” the statement continued. “GB News has built a growing and loyal audience in its first year, bringing another voice to British news broadcasting, and we wish the management and shareholders the very best in their future endeavours.” Warner Bros.
Read more on variety.com