John Malone is wiredtelevisionThe pioneer of Liberty Media and the chairman of Liberty Media. Liberty Media is one of the main shareholders of Discovery Channel. “I hope to see CNN return to its original kind of journalism and truly own reporters. This will be unique and refreshing,” he said. “I do believe in exploring and investing in the future represented by Time Warner. In the combination, good journalism will play a role.”
As early as May of this year, AT&T announced the merger of its content division Time Warner and Discovery Channel. According to the agreement, AT&T will withdraw its $85 billion acquisition of Time Warner, which ended just three years ago, and will merge with Discovery Channel to form a new independent media company.
This move will merge AT&T’s CNN, HBO, Warner Bros. Studios and Discovery Channel, including Animal Planet, TLC and the Discovery Channel of the same name. After the two merge, they will be called “Warner Bros. Discovery Channel.” When the announcement was released, the two parties had expressed their hope to complete the transaction in the middle of next year.
In answering whether CNN is adapting to the content of the merged video streaming service, Ma Long said, “Cowards will sell CNN or spin it off and then sell it.”
Discovery Channel CEO David Zaslav (David Zaslav) leads the new company after the merger, and Malone supports it. Zaslav has said in the past that he is committed to retaining CNN. Discovery Channel did not immediately comment on Ma Long’s remarks.
Before joining Discovery Channel, Zaslav worked for NBC for nearly 20 years. During this period he participated in various projects, including the launch of the US Consumer News and Business Channel (CNBC) andMicrosoftNational Cable Broadcasting Corporation (MSNBC).
Soon after the announcement of the merger between WarnerMedia and Discovery Channel, Malone told CNBC that he believes the combined company will become the world’s third largest streaming media company, second only to Netflix and Disney+.
At that time and now, Malone said that Zaslav was the most suitable person to lead the Warner Bros. Discovery Channel.
“I mean, he is the kind of person who can complete the Scripps merger (Scripps) or Time Warner deal. Without the Scripps deal, Discovery Channel would still be in the third echelon today,” Malone Say. He was referring to Discovery Channel’s acquisition of Scripps Interactive in March 2018 for nearly $12 billion. After the merger, HGTV, Travel Channel, and Food Network, which Scripps owned at the time, were all included under the Discovery Channel.