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 […]
Capital One’s purchase of Discovery faces political and regulatory hurdles
Ramsey Solutions personality Jade Warshaw talks about young people living with their parents, ‘buy now, risk later’ and how to best diversify your stock allocation. Capital One is moving ahead with plans to buy Discover Financial, but the proposed takeover is expected to face significant opposition from regulators, and whether it actually goes through depends […]
Snake discovery as explorers identify new species of anaconda that’s the ‘biggest of all’
The green anaconda, a common aquatic snake found in the Amazon region of South America, is the largest of its kind, reaching up to 21 feet long, experts say. Researchers initially thought there was only one species of giant snake, but now it has been determined that there are two separate species: the northern green […]
Michael Burry bets on CNN parent Warner Bros. Discovery, restaurant firms
Hedge fund manager Michael Burry, known for his prescient comments ahead of the 2008 U.S. housing market crash, is closing out put option positions in semiconductor stocks while also investing in Warner Bros. in the fourth quarter of 2023. The company said in a securities report released on Wednesday that it had purchased shares in […]
Daily Caller Columnist Criticizes, Laughs At ‘The View’ Co-Hosts’ ‘Glorious’ Reaction To Historical Family Discovery
Daily Caller columnist Mary Luke told Newsmax on Friday that her “The View” co-hosts were “stunning” for discovering that a panel member’s ancestors may have been slave owners. He criticized the reaction and laughed it off. Luke appears on ‘Carl Higbie Frontline’ reveals part of ‘The View’ co-host Sunny Hostin’s family tree ‘probably’ consists of […]
Fox, Disney, Warner Bros Discovery sports streaming venture sends ‘shockwaves’ through TV industry
A new streaming giant is poised to reshape the television industry by combining the sports assets of Fox, Disney’s ESPN and Warner Bros. Discovery, but experts say the biggest loser is likely to be the cable business. There is. The standalone service, which is scheduled to launch this fall and has yet to be named, […]
Chinese hackers had access to US infrastructure for ‘at least 5 years’ before discovery
A Chinese hacker group maintained access to U.S. infrastructure systems for “at least five years” before being recently discovered, according to a new report from a U.S. security group. The Joint Cybersecurity Advisory Council released its findings Wednesday, saying Chinese hackers gained access within U.S. systems that remained dormant. The hackers penetrated the “communications, energy, […]
ESPN, Fox, And Warner Bros. Discovery Joining Forces On New Sports Streaming Venture
Game Start! ESPN, Fox and Warner Bros. Discovery are working together to create a joint sports streaming service. disney plus, Huluand Max Subscribers will be able to ‘bundle’ the new service with any of their existing subscriptions to the three streaming services, or subscribe to the new venture on its own through what will be […]
Fox, Disney, Warner Bros. Discovery to create joint sports streaming platform
Game Start! In a surprising move that changes the landscape of how fans watch their favorite teams, Fox, ESPN and Warner Bros. Discovery are using their vast sports assets to launch new streaming platforms to compete with Amazon and Apple. We’re working together to build it. The three media giants announced Tuesday that the unnamed […]