iDJ
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They should re-launch HBO as a hybrid GEC and Movie channel. Along with HD version of CNN.From the news it can be concluded that both of them are not selling their assets to each other. A new standalone media company joining all assets of Discovery and Warner Media. Both will have proportional stakes in the new entity.
I think this merger could bring some good changes in India. Even Warner is bigger but they are very slow pace in India, while Discovery is very active even they mainly have contents only in Infotainment. So through the merger launch of some TV channels & bringing some contents can be expected. Also HBO max launch can happen soon.