WBD Networks, also known as Discovery, a privately owned company headquartered in the US, is a global broadcaster and media company and part of Warner Bros. Discovery (WBD). Founded in 1985, the company operates with approximately 6,580 employees and reported $17.7B in revenue as of 2025. WBD Networks' portfolio includes brands such as Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, OWN: Oprah Winfrey Network, and the multi-platform joint venture Magnolia Network in the U.S. Internationally, it operates Discovery Kids in Latin America and Eurosport, a provider of locally relevant, premium sports and Home of the Olympic Games across Europe. The company was previously known as Discovery, Inc.
On April 25, Warner Bros. Discovery (WBD) shareholders approved the company's takeover by Paramount Skydance, a move expected to bring CNN, HBO, and other WBD media brands under Paramount. Shareholders expressed "extreme" support for the acquisition following a special meeting. Previously, on April 24, David Ellison, head of Paramount Skydance, hosted a private dinner in Washington D.C. where he feted President Donald Trump and members of his administration. The event, which also recognized CBS News' White House reporters, aimed to secure federal and Justice Department regulatory approval from the Trump administration for the $111 billion takeover of Warner Bros. Discovery. President Trump delivered remarks for nearly an hour at the dinner. Earlier on April 24, WBD rescheduled its first-quarter 2026 earnings call to May 6, 2026. The anticipated merger with Paramount Skydance projects $69 billion in pro forma revenue and $18 billion in adjusted EBITDA for fiscal year 2026, with $6 billion in synergies.
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