AEW’s television future could be impacted
AEW TV partner is for sale.
Warner Bros. Discovery announced today that the company is for sale.
The company owns TBS, TNT and HBO Max which broadcast all of AEW’s shows.
In a press release the company stated that is was reviewing “strategic alternatives to maximize shareholder value”, which means the company is for sale.
While it is assessing the best offer, the company will continue splitting and consolidating its cable networks, streaming services and studios. There is no deadline for offers or a sale. Comcast is the frontrunner according to various reports.
“We continue to make important strides to position our business to succeed in today’s evolving media landscape by advancing our strategic initiatives, returning our studios to industry leadership, and scaling HBO Max globally. We took the bold step of preparing to separate the Company into two distinct, leading media companies, Warner Bros. and Discovery Global, because we strongly believed this was the best path forward,” said David Zaslav, President and CEO of Warner Bros. Discovery.
Zaslav added, “It’s no surprise that the significant value of our portfolio is receiving increased recognition by others in the market. After receiving interest from multiple parties, we have initiated a comprehensive review of strategic alternatives to identify the best path forward to unlock the full value of our assets.”
“Our decision to initiate this review underscores the Board’s commitment to considering all opportunities to determine the best value for our shareholders,” added Samuel A. Di Piazza, Jr., Chair of the Warner Bros. Discovery Board of Directors. “We continue to believe that our planned separation to create two distinct, leading media companies will create compelling value. That said, we determined taking these actions to broaden our scope is in the best interest of shareholders.”
The big properties Warner Bros. Discovery owns are:
Warner Bros. Entertainment
HBO
Discovery+
Philo
Warner Bros. Games
DC Entertainment
DC Studios
DC Comics
Looney Tunes
Harry Potter
Game of Thrones
Scooby-Doo
Tom and Jerry
TBS
TNT
TruTV
TLC
Discovery Channel
Animal Planet
Science Channel
HGTV
Food Network
Cooking Channel
Investigation Discovery
Travel Channel
Magnolia Network
Oprah Winfrey Network
Children’s & Animation:
Cartoon Network
Adult Swim
Toonami
Boomerang
Discovery Family
Discovery Familia
CNN
CNN en Español
CNN Business
CNN Films
HLN
Bleacher Report
House of Highlights
TNT Sports Interactive
Eurosport
MLB Network (16.67% stake)
Golf Digest
PGA.com
NBA.com
NCAA.com
