warner bros discovery

Warner Bros. Discovery stock plunges as movie flops ‘The Color Purple,’ ‘Aquaman’ sink earnings

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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

Shari Redstone launches auction of Paramount Global holder: source

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Shari Redstone is launching a formal auction of National Amusements, the holding company that controls struggling media giant Paramount Global, The Post has learned. BDT Capital Partners, the bankers for Redstone, the 69-year-old daughter of late media baron Sumner Redstone, have begun circulating nondisclosure agreements to private-equity firms to view National Amusements’ financials — widening … Read more