CNN, Other Warner Bros. Discovery Networks See Advertising Plunge 11 Percent as Viewership Plummets
Viewers continue to leave CNN and other networks owned by Warner Bros. Discovery in droves, depressing advertising revenue and creating an unstoppable freedown for the cable TV industry. Warner Bros. Discovery’s TV ad revenue fell 11% in the most recent quarter, with the Hollywood media giant missing its revenue goals. The company’s stock price fell […]
Warner Bros. Discovery hiking Max price, mulling layoffs: report
Warner Bros. Discovery is considering additional opportunities to reduce costs and increase prices for its Max streaming platform. Bloomberg News reported Wednesday, citing people familiar with the matter. The cost-cutting plan could reportedly include possible job cuts at the media company, which has already cut more than 2,000 positions over the past year. The company’s […]
Disney, Warner Bros. join forces to offer streaming bundle of Disney+, Hulu and Max
Walt Disney Co. and Warner Bros. Discovery will offer a bundle of Disney+, Hulu and Max streaming services in the U.S. starting this summer, the companies announced in a statement Wednesday. Customers can sign up for one of three separate websites and choose between ad-free or ad-supported plans. Prices have not been disclosed. Disney and […]
White House praises UNC frat bros who protected the American flag from anti-Israel agitators as ‘admirable’
White House press secretary Karine Jean-Pierre praised the UNC-Chapel Hill fraternity brothers who defended the Star-Spangled Banner during campus protests related to the war in Gaza. After anti-Israel demonstrators replaced the American flag at the University of North Carolina on Chapel Hill’s Quad with the Palestinian flag, the local chapter of Pikappapi defended the flag […]
Bryan Bros Golf’s George Bryan IV earns PGA Tour shot at Myrtle Beach Classic
George Bryan IV is a member of the Bryan Brothers Golf YouTube Golf Channel. He and his brother Wesley Bryan create a variety of golf content to entertain fans. On Tuesday, Play Golf Myrtle Beach released the “Q at Myrtle Beach” qualifiers on YouTube. George was one of eight YouTubers who participated in a 16-player, […]
Warner Bros. Discovery CEO David Zaslav Gets Huge Pay Raise Following Mass Layoffs
Warner Bros. Discovery CEO David Zaslav just got richer last year, receiving a nearly 27% pay raise while overseeing mass layoffs at the media conglomerate. Mr. Zaslav’s total compensation in 2023 was $49.7 million, an increase of 26.5% from the $39.3 million he received the year before, according to the company’s 2024 edition. power of […]
Warner Bros Execs Resign After DoJ Investigates Anti-Trust Violations
Two executives at Warner Bros. Discovery, Stephen Miron and Stephen Newhouse, resigned from the company’s board after being told by the Justice Department that they were being investigated for antitrust violations. Following their resignations, the Board of Directors adopted a resolution to reduce the number of directors from 13 to 11.around variety: Mr. Miron and […]
Uber ‘tech bros’ sought to destroy Australian taxi app using corporate espionage, court hears | Law (Australia)
Uber’s “technical friends” set out to disrupt Australia’s taxi app when the US company entered Australia’s car rental market and began operating illegal rideshare services, lawyers claim. . Taxi Apps, which operates GoCatch, is suing Uber in the Supreme Court of Victoria, alleging that the ride-hailing giant knowingly and illegally launched UberX in Australia to […]
Stocks making the biggest moves after hours: LULU, FDX, BROS, NKE – CNBC
Check out the companies that made headlines after the bell: Nike — Shares rose 3% after the athletic shoe retailer beat Wall Street’s expectations for revenue and earnings in its latest quarter. Nike posted earnings of 77 cents per share on sales of $12.43 billion, beating the 74 cents per share on sales of $12.28 […]
Pete Distad to lead sports streaming service from ESPN, Fox, Warner Bros. Discovery
Former Apple executive Pete Distad has been tapped to run the upcoming joint sports streaming service between Warner Bros. Discovery, ESPN and Fox. Distad, 50, will oversee strategy, distribution, marketing and sales for the as-yet-unnamed new business, which is expected to debut in the fall. The veteran executive has extensive experience with streaming services. He […]