WarnerMedia-Discovery Merger Clears Major U.S. Antitrust Hurdle

NEW YORK -- Chris Licht, most recently Stephen Colbert's top producer at CBS, was appointed Monday as the new head of CNN, where he's expected to take over in May.Licht's expected appointment to replace Jeff Zucker as chief of CNN was widely reported over the weekend. Before moving into late-night TV, Licht was the chief executive behind the “CBS This Morning" news program and “Morning Joe” on MSNBC.The appointment was made by David Zaslav, Discovery CEO, who is expected to take over the merged company when Discovery's acquisition of CNN parent WarnerMedia is approved this spring.Zaslav called Licht a “dynamic and creative producer, an engaging and thoughtful journalist, and a true news person.”He said Licht is “a highly principled individual who is trusted, hard-working and makes every organization stronger, more innovative and more cohesive.”Zucker was forced out earlier this month, after admitting that he had violated corporate rules by not revealing his romantic relationship with a CNN marketing executive, Allison Gollust.

Brian Steinberg Senior TV EditorCNN will have a new chief for a new chapter.Chris Licht, a veteran producer who has overseen programs like MSNBC’s “Morning Joe” and CBS’ “CBS This Morning” and “The Late Show with Stephen Colbert,” was named chairman and chief executive of CNN Global — a new name for the news operation once its parent, WarnerMedia, is acquired by Discovery. Licht will report directly to David Zaslav, who will be CEO of the combined company.Discovery is expected to take control of WarnerMedia sometime in mid-April, depending on a shareholder vote, among other conditions.The prospect of a new owner and a new top executive has spurred speculation about what new programming and operating direction may be in store for the venerable cable-news outlet, which has been under scrutiny since WarnerMedia ousted former president Jeff Zucker after he failed to disclose a romantic relationship with Allison Gollust, CNN’s former chief marketing officer.

Brian Steinberg Senior TV EditorChris Licht, the wunderkind producer who launched “Morning Joe,” retooled “CBS This Morning” and helped late night host Stephen Colbert gain traction on CBS, is jumping to CNN to take over the operation once its corporate parent, WarnerMedia, is acquired by Discovery in a much-anticipated merger expected to take place in April, according to a person familiar with the matter.Licht could not be reached for immediate comment and a CNN spokesperson referred an inquiry to Discovery. A Discovery executive declined to comment.

Discovery CEO David Zaslav dropped his usual quota of names during the company’s quarterly earnings call — John Malone, Jack Welch, Oprah — but one name didn’t come up: Jeff Zucker.

Discovery execs, attuning commentary around recent investor sentiment on streaming, reassured investors this morning that they will not overspend on content as the company merges with WarnerMedia early in the second quarter.

Brian Steinberg Senior TV EditorDiscovery said profit tumbled in the fourth quarter as the owner of Food Network, Discovery Channel and Eurosport contended with expenses related to the Discovery Plus streaming hub and a group of one-time items related to expenses. Even so, the company saw revenue increase as its streaming efforts helped boost advertising and distribution revenue.Discovery said fourth quarter net income fell to $38 million, or 8 cents a share, compared with $271 million, or 42 cents a share, in the year-earlier period.The company released details of its performance as it prepares to acquire WarnerMedia, a move that will elevate its standing in the media sector.

Brian Steinberg Senior TV EditorJohn Oliver has a few words for his soon-to-be new bosses at Discovery. And even those may be more than enough.The HBO host, who launches a new season of the comedy-meets-investigative-journalism series “Last Week Tonight” on Sunday, has for the past several years teased the owner of HBO and its parent WarnerMedia with great relish. “You’re a terrible company.

David Zaslav, who is famously gregarious and high-energy, has been oddly quiet lately with an absence of media interviews or social events on his schedule. Even his regular booth at the Polo Lounge has been somnolent.

Kamila Valieva is cleared for the 2022 Beijing Olympics.

EXCLUSIVE: A restructure at the company behind Mipcom, Mip TV and associated markets is gathering pace and several people working on the annual TV industry events have left in the past few weeks.

Todd Spangler NY Digital EditorDiscovery investors will be asked to approve the $43 billion deal to combine with WarnerMedia, which AT&T is spinning off, at a March 11 virtual meeting.Discovery announced the date in a letter to shareholders, which it disclosed in an SEC filing Thursday. On that same day, AT&T has scheduled a virtual investor conference where the company said it will provide “additional insight and expectations for financial and operational performance of AT&T’s Communications segment” following the close of the WarnerMedia transaction.The pact cleared a major hurdle this week after U.S.

Discovery has set March 11 as the date of a special shareholder meeting to hold a vote on the company’s proposed merger with AT&T’s WarnerMedia.

UPDATE: The Texas attorney general, Ken Paxton (R), said Wednesday that the office will investigate GoFundMe after its decision to end a fundraising effort aimed at assisting the “Freedom Convoy” in Canada. Paxton said they will review possible breaches or violations of the Texas Deceptive Trade Practices Act.

Brian Steinberg Senior TV EditorAT&T and Discovery have gained clearance for their much-anticipated deal to spin off WarnerMedia so it can merge with Discovery, a deal that has already been approved in Europe. The approval of Discovery shareholders is the last barrier to the deal moving forward.The companies disclosed the matter in two different filings Wednesday with the U.S.

The merger of AT&T’s WarnerMedia and Discovery has cleared U.S. regulators, the companies announced Wed.,  in the last major hurdle for the $43-billion deal.

Brian Steinberg Senior TV EditorEver since Jeff Zucker seized the reins at CNN in early 2013, the cable-news network has been one of loudest voices in media circles. Now, even though Discovery didn’t push the executive out, there’s a sense the company will, after it buys CNN along with the rest of WarnerMedia, look to turn down the volume.In the Zucker era, CNN became more swashbuckling, more colorful, and indeed, more opinionated than it ever was under the aegis of its founder Ted Turner, or his successors at the former Time Warner. CNN went from delivering headlines to being in the headlines.

Shooting wrapped last month on the long-awaited Gerard Butler project Kandahar and here are some exclusive behind the scenes photos from the film, which is notably one of the first major U.S. titles to shoot its entirety in Saudi Arabia. The film, which is produced by John Wick outfit Thunder Road Films and Capstone, reunites Butler with his Greenland and Angel Has Fallen director Ric Roman Waugh. While this certainly isn’t the first action thriller the bankable Scottish actor has starred in, Kandahar is one of the first big-budget Hollywood titles to shoot in the country’s northwest AlUla region, which is home to the UNESCO World Heritage Site of Hegra.

Tim McGraw and Faith Hill paid their oldest daughter, Gracie McGraw, a visit in New York City recently. The couple was in town to promote their show 1883, and since Gracie lives in NYC, she got to spend time with them. The trio went on a stroll with Gracie’s dog, and the 24-year-old captured the sweetest photo of her parents holding hands on the sidewalk. Tim and Faith were bundled up in winter coats for the outing, while Gracie walked behind them to snap the picture.