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Daniel Frankel

Warner Bros. Stock Nears All-Time Low Following Report of Comcast's Aggressive NBA TV Rights Bid

NBA.

Warner Bros. Discovery stock on Tuesday fell nearly to depths not seen since the Great Recessionary abyss of 2009 following a Wall Street Journal report that Comcast and NBCUniversal are preparing an aggressive bid to poach TNT’s NBA television rights. 

Warner stock cratered nearly 9% as word came that Comcast is willing to pay the NBA $2.5 billion a season to broadcast games on NBC and stream them on Peacock in primetime two nights a week during the pro-hoops season. 

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