By alang.consultant New York (Knewz) — AT&T announced it will spin off WarnerMedia, as part of a $43 million media deal with Discovery that was previously announced. The deal will allow Warner Media to combine with Discovery and is expected to be finalized in the next quarter. The merger would combine two media giants. WarnerMedia is home to stations such as HBO, while Discovery hosts channels such as Food Network. The company also announced that shareholders will own 71 percent of the new company titled “Warner Bros. Discovery.” On Feb. 1, AT&T announced it was spinning off WarnerMedia for th…