Warner Bros Discovery Hits Low on Failed Merger Thearon W. Henderson / Getty Images The merger between AT&T’s media properties, including Warner Bros., and smaller Discovery, is now officially a failure. Warner Bros. Discovery Inc. (NASDAQ: WBD) shares hit an all-time low two years after the transaction in April 2022. Much-criticized CEO David Zaslav had a magic touch at Discovery. That is entirely wrong.The last chapter of the catastrophe is that the company could lose its deal with the NBA. News of this ...