Warner Bros. (NASDAQ: WBD ) stock is in the news Thursday as investors react to reports that the entertainment company is considering a spinoff of its streaming division.
Warner Bros. Discovery, the parent company of CNN and HBO, is reportedly weighing a plan to split its digital streaming and studio businesses from its legacy television networks in order to boost its sinking share price — just two years after the mega-merger.
24/7 Insights Reports indicate that Warner Bros. Discovery Inc.
NBA incumbent Warner Bros. Discovery plans to match Amazon's new basketball rights deal that's said to be in the $1.8 billion range, Deadline hears.
Warner Bros. Discovery reportedly is slashing 1,000 jobs as the struggling media giant faces calls to sell off assets that include ratings-challenged CNN.
Warner Bros (NASDAQ: WBD ) layoffs are a hot topic on Wednesday as the entertainment company tightens its belt with more job cuts. This has Warner Bros reportedly laying off roughly 1,000 workers.
The most seismic contract negotiation in basketball this offseason isn't between an All-Star player and a team. It's between the NBA and its TV partners.
Warner Bros. Discovery is planning to lay off somewhere under 1,000 employees, according to reports and a person familiar with the matter, the latest cuts for the media company after its formation more than two years ago.
Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it explored strategic options, including a potential sale.
In the latest trading session, Warner Bros. Discovery (WBD) closed at $7.32, marking a -0.27% move from the previous day.
CNN is reportedly cutting about 100 jobs as it prepares its new CNN.com subscription product. That's according to a Wednesday (July 10) report by The Wall Street Journal (WSJ), which notes the move comes as the company is looking to become less reliant on its TV channel.
News outlet CNN will cut about 100 jobs as part of a plan to consolidate news operations and bolster its digital business, according to an internal memo seen by Reuters on Wednesday.