Warner Bros. Discovery, Liberty Global weigh end of British All3Media venture - report
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Warner Bros. Discovery (NASDAQ:WBD) and Liberty Global (NASDAQ:LBTYA) are reportedly considering getting out of their joint venture on All3Media, Britain's biggest independent TV production company.
Times have changed since Discovery formed the venture with Liberty Global in 2014 to shore up content and production, which Discovery now no longer needs since it's tied to the former Warner Media's extensive film and movie library and TV production assets, Reuters reported.

Now WBD and Liberty Global could get out by selling stakes to a third party, or one to the other -- a move that would help WBD (in its case) to manage a $49B debt pile from its megamerger.
Cashing out would amount to a deal of more than Â£1B, Reuters said.