Media mogul John Malone voices support for David Zaslav amid struggles at WarnerBros. Discovery
Media mogul John Malone says he's not worried about Warner Bros. Discovery (WBD), the conglomerate he helped found more than two years ago, as the company faces growing financial problems. “They're not going to run out of cash anytime soon, so they don't have to sit back and watch the industry consolidate and do nothing,” […]
WarnerBros. Discovery makes last-ditch effort for NBA rights
Warner Bros. Discovery (WBD) is making a final push to secure the next round of NBA rights and maintain its position as the primary broadcaster of the league’s games. in statement On Monday, WBD-owned Turner Sports said the NBA “has notified us of its intention to accept other offers for the games included in the […]
WarnerBros. Discovery hires ex-Obama aide Robert Gibbs to run PR
Warner Bros. Discovery has hired Robert Gibbs, a former aide to President Barack Obama, as head of communications strategy, the company confirmed Tuesday. Gibbs will oversee corporate and business communications for WBD and report to the conglomerate’s chief executive officer, David Zaslav. News of Gibbs’ hiring first broke The Hollywood Reporter Late Monday. “At this […]
Warner Bros. Discovery posts $966M loss, hurt by slumping ad sales and Hollywood strikes
Warner Bros. Discovery posted a bigger-than-expected quarterly loss as advertising sales at its cable TV division slumped and its studio division grappled with the fallout from last year’s Hollywood strike and weak demand for its “Suicide Squad” game. . Advertising trends in the U.S. and some international markets have been subdued as companies grappled with […]
Warner Bros. warns of profit hit of up to $500M over strikes
Warner Bros. Discovery is bracing for a hit to full-year earnings as Hollywood actors and writers strike. For the first time in 63 years, Hollywood is experiencing a double work stoppage for writers and actors, halting production across the industry and costing the California economy billions of dollars. Actors’ strikes have forced studios to adjust […]
CNN parent Warner Bros Discovery posts surprise quarterly loss
Warner Bros. Discovery reported a startling quarterly loss on Friday on costs related to a 2022 merger, ruining its streaming business’s first profit. The media company, formed by the WarnerMedia and Discovery unions, recorded a combined $1.81 billion charge in the first quarter, as well as a $95 million restructuring charge. Refinitiv data showed a […]
