Today's the day Warner Bros. Discovery can sell itself. Buyers may be hard to find.

• Monday is an important day for Warner Bros. Discovery: It can now sell itself without a tax penalty.
• The media industry — including WBD executives — believes consolidation is inevitable.
• But for now, very little M&A has been happening, for a couple of reasons.

You are a normal person, so you think that Monday is Eclipse Day.

But if you're a media investor, banker, or someone who thinks like them, there's a different significance: It's the End of Warner Bros. Discovery's Reverse Morris Trust Restrictions Day!