WBD Networks, also known as Discovery, is a privately owned company headquartered in the US and is part of Warner Bros. Discovery. Founded in 1985, the company has an estimated 6,580 employees and reported $17.7B in revenue as of 2025. As a global broadcaster and media company focused on entertainment, its portfolio of brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, OWN: Oprah Winfrey Network, as well as the multi-platform joint venture with Chip and Joanna Gaines, Magnolia Network, in the U.S. It also operates Discovery Kids in Latin America and Eurosport, a provider of locally relevant sports and Home of the Olympic Games across Europe. The company was previously known as Discovery, Inc.
On March 28, 2026, the U.S. Department of Justice (DOJ) intensified its investigation into Paramount and Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, issuing subpoenas as part of its antitrust review. This development followed reports on March 27 that the DOJ had sent subpoenas, indicating an advancement in its probe into the potential combination of the two major studios, their streaming platforms, and news operations. Previously on March 27, Warner, alongside Disney and NBCUniversal, called for stricter EU rules governing smart TV platforms, arguing that companies like Google, Amazon, and Samsung increasingly control content visibility. Also on March 27, Jane Fonda led a Committee for the First Amendment rally in Washington D.C., addressing Donald Trump’s attacks on the media and the pending merger between Paramount and Warner Bros.
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