Despite reporting a profit for its direct-to-consumer business, Warner Bros. Discovery reported a big loss as it took huge write-downs in the first quarter.
On the company’s call with investors, CEO David Zaslav said the company continues to negotiate with the NBA, and hopes for an outcome that’s good for both sides. He noted that WBD has a right to match any third-party offer for NBA rights. The company has “strategies in place for the various potential outcomes,” Zaslav said.
