Warner Bros. Discovery on Friday reported worse-than-expected quarterly earnings — due in large part to box office flops from its movie studio — sending the media giant’s shares plummeting more than 9% in midday trading. The David Zaslav-run company — which along with Warner Bros. studios, owns CNN, TNT and streaming service Max — reeled … Read more
There’s a general feeling among Wall Street’s top players that 2024 is going to be a really insane year — far eclipsing 2023 in terms of crazy town. That says something, of course. In 2023, lots of weird stuff went down: A former president, who might be our next president, was criminally indicted a bunch … Read more
Merger talks between David Zaslav of Warner Bros. Discovery and the people over at Paramount are at a “very early stage,” I am told. So is the air of desperation for both parties and the media industry in general. If you haven’t noticed, this isn’t a great time to be running a media company. For … Read more
