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Warner Bros. Discovery stock, which has been gaining ground in recent weeks after falling to a low of about $6 a share earlier this year, jumped 15.4% on the news to $12.49. Zaslav and his team ...
In August, Warner Bros Discovery wrote down the value of its TV assets by over $9 billion due to uncertainty around fees from cable and satellite distributors and sports rights renewals.
Warner Bros. Discovery hopes a split will lead to a better chance of making it whole. The company said Thursday that it would, going forward, “serve as the parent company for two distinct ...
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
Warner Bros. Discovery has been struggling since the business was formed through a merger in 2022. It is burdened with billions of debt and facing headwinds from the decline of linear media.
In addition to offering Warner Bros. Discovery's linear channels, including HBO, to its Xfinity customers, Comcast will have expanded rights to provide ad-supported versions of Warner Bros ...
Warner Bros. Discovery CEO David Zaslav’s name graced many a picket sign during the Writers Guild of America’s 148-day strike, with everything from his exec comp to content-cutting choices ...
Warner Bros. Discovery’s shares sank 19% on Wednesday on disappointing earnings that showed declining ad revenue that it blamed on high interest rates and the Hollywood strikes.. On top of that ...