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 […]
‘Obama bros’ alarmed at Biden appearances: ‘He sounds more frail’
‘Fox News Saturday Night’ host Jimmy Failla reacts to President Biden’s rare interview on ‘Late Night’ and comments on a viral … source
Fox, Disney, Warner Bros. sports bundle expecting 5M subscribers in five years
The sports streaming venture founded by Fox Co., Walt Disney Co. and Warner Bros. Discovery expects to gain 5 million subscribers in its first five years, Fox President Lachlan Murdoch said on Monday. Ta. The new sports-focused service is scheduled to launch in the fall in hopes of drawing in what Murdoch called “cord nevers” […]
Warner Bros. Discovery halts merger talks with Paramount Global
A list of potential suitors for Paramount Global was released on Tuesday after Warner Bros. Discovery announced it would no longer pursue merger talks with the struggling media giant, according to reports. Shrunk. CNN’s parent company, Shari Redstone, struggled for months before making the decision to exit Shari Redstone’s debt-ridden company, CNBC reported, citing sources […]
CNN Parent Company Warner Bros. Discovery Hammered By Weak TV Advertising, Stock Plunges
Warner Bros. Discovery, the parent company of CNN, Warner Bros., HBO and numerous other media properties, has been plagued by weak TV advertising, lower-than-expected revenue, and its stock price has plummeted as investors worry about media. ing. Giant’s financial outlook. Warner Bros. Discovery stock plunged 12% early Friday, but recovered slightly later in the day. […]
Warner Bros. Discovery stock plunges as movie flops ‘The Color Purple,’ ‘Aquaman’ sink earnings
Warner Bros. Discovery reported worse-than-expected quarterly profits Friday, largely due to the studio’s box office failure, and the media giant’s shares plummeted more than 9% in midday trading. The David Zaslav-run company, which along with Warner Bros. Studios also owns CNN, TNT and streaming service Max, had fourth-quarter revenue of $10.28 billion, above analysts’ average […]