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Man’s 30-Year Hobby Reportedly Leads To Stunning Discovery Of 3,000-Year-Old Artifact

A Wisconsin man using a metal detector as a hobby unearthed a surprising historical artifact: an ancient spear tip, according to a report Saturday. Dick Banaszak, a 65-year-old public works worker, discovered a 3,000-year-old Copper Culture spear point along the Root River in Racine. NewsweekThis discovery is particularly noteworthy because it is located in the […]

Cartoon Network website goes dark amid Warner Bros. Discovery cost-cutting moves

Cash-strapped media giant Warner Bros. Discovery has discontinued its Cartoon Network website. The David Zaslav-led company on Wednesday reported a staggering net loss of almost $10 billion due to a $9.1 billion impairment charge caused by the declining value of its cable television networks, and redirected visitors to cartoonnetwork.com to a landing page for Max, […]

Warner Bros. Discovery Stock Takes Hit After $11.2 Billion Loss

Warner Bros. Discovery Announced Quarterly profit (or loss, to be precise) was $11.2 billion, giving it a “B” loss. Warner Bros. Discovery (WBD) reported second-quarter earnings after the close on Wednesday that missed expectations on both revenue and profit and took a huge $9.1 billion impairment charge related to its television networks division. Including an […]

Warner Bros. Discovery writes down value of TV assets by $9B

Warner Bros. Discovery said on Wednesday it was writing down the value of its television assets due to uncertainty about fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in after-hours trading. The film and entertainment studio, which owns sports network TNT and streaming service Max, took a […]

Paris Olympics deal hands Discovery+ gold in UK TV streaming race | Television industry

Discovery+ has become the UK’s fastest-growing paid streaming service, with the nearly £1 billion deal its parent company spent to wrest Olympic rights from the BBC appearing to be paying off. Six years ago, Warner Bros. Discovery (WBD), which runs the Discovery+ streaming service in the UK and the Max streaming service across Europe as […]

Warner Bros. Discovery sues NBA over matching rights clause

As expected, billable hours will be a big money maker in the new NBA rights deal. TNT’s parent company, Warner Bros. Discovery (WBD), sued the NBA over matching rights clauses in a previous television contract after the NBA indicated its intention to end its decades-long partnership with TNT. The lawsuit was filed Friday in New […]

Warner Bros. Discovery to sue NBA after losing broadcast rights: report

Warner Bros. Discovery plans to sue the National Basketball Association in New York after the NBA rejected an even-bid for television rights, a person familiar with the matter said on Thursday. The NBA said Wednesday it rejected a proposal from Warner’s TNT Sports division, ending a 40-year partnership and signing new, 11-year, $77 billion deals […]