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The Latest Breaking News from Discovery

CNN+ got canned faster than Quibi

CNN's streaming service had a rough launch, and after about a month of existence, it's heading for the chopping block.

Input

Why Warner Bros.Discovery Shares Are Plunging Today

Warner Bros.Discovery Inc (NASDAQ:WBD) is shutting down CNN's news streaming service CNN+ on April 30. The new management (formed after CNN's former parent company, WarnerMedia, merged with Discovery) decided to shut down the service following its March 29 launch. WBD CEO David Zaslav looks to house all of the company's brands under one…

Benzinga

CNN's streaming service shutting down a month after launch

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

The Independent UK

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Warner Bros.Discovery Suspends External Marketing Spend For CNN+: Axios

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

Benzinga

Scoop: CNN+ looks doomed

CNN execs think the launch has been successful. Discovery executives disagree.

Axios

Benzinga's Top Ratings Upgrades, Downgrades For April 19, 2022

Upgrades

Benzinga

Breaking Down AT&T's Stock After WarnerMedia Spin-Off

Nearly four years after fighting a hard battle to acquire WarnerMedia and accelerating its foray into the media business, AT&T (NYSE: T) has gone back to its roots to focus on being a telecommunications company.

Benzinga

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CNN+ streaming service reportedly off to slow start

CNN+ is a good name for a streaming service that very much needs to add viewers.

Tribune News Service

AT&T vs. Verizon: Which Telecom Stock is a Better Buy?

In this article I will analyze and compare AT&T (T) and Verizon Communications (VZ) to determine which telecom stock is currently a better investment.

StockNews.com

CNN's News Streaming Service Struggles To Attract Viewers, Casting Doubt Over Its Future

Fewer than 10,000 people have watched Warner Bros.Discovery Inc's (NASDAQ:WBD) streaming service CNN+ daily since its March 29 launch, CNBC reports. Warner Bros. Discovery looks to cut hundreds of millions of investment dollars for the service, given concern over its future. Incoming CNN chief Chris Licht will join Warner Bros. Discovery on May…

Benzinga

Analysts Give Thumbs Up To This Newly Formed Media Giant; Compare It To Disney

In 2021, AT&T Inc (NYSE:T) and Discovery Inc agreed to merge AT&T's WarnerMedia assets with Discovery Inc's platform to create a standalone global entertainment company, now known as Warner Bros.Discovery Inc (NASDAQ:WBD). Analysts are now comparing the new media firm with The Walt Disney Co (NYSE:DIS). Evercore ISI analyst Vijay Jayant upgraded WBD to Outperform from In-Line with a price target of $40,…

Benzinga

John Campbell v Paddy Gower, Round 2

After three years of co-hosting TVNZ’s early morning show, Breakfast, John Campbell is returning to a reporting role. Mark Jennings looks at what the move means for 1News vs Newshub

Newsroom.co.nz

WarnerMedia, Discovery Complete Merger, Become Warner Bros Discovery

AT&T Inc's WarnerMedia unit and Discovery Inc have completed their merger, the companies said on Friday. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol "WBD". In May last year, the companies set out to merge and become a standalone…

Asharq Al-Awsat

Discovery and WarnerMedia close $43 billion merger

The new company immediately becomes one of the entertainment industry's biggest players alongside Disney and Netflix.

Axios

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Wales Online

Disabled woman 'mortified' claiming pub staff accused her of being 'too drunk and wobbly'

The bar has since said sorry to the 40-year-old who has problems walking following a spinal injury

Benzinga

Discovery Chief Overhauls Leadership After WarnerMedia Acquisition

Discovery, Inc. (NASDAQ:DISCA) CEO David Zaslav picked his lieutenants as senior leaders of the combined group after acquiring WarnerMedia from AT&T Inc (NYSE: T), the Financial Times reports. The $43 billion merger of Warner and Discovery will likely close by April 8. JB Perrette, who has led Discovery's international and streaming businesses, is set to…

Daily Mirror

Pub sorry as disabled woman says staff laughed at her saying she was 'wobbly'

Kia Little, whose spinal fracture impacts her ability to walk, says she felt 'mortified' when workers at The Discovery pub started 'making offensive comments' about her

Benzinga

WarnerMedia CEO Departs One Week Before Discovery Merger

AT&T Inc (NYSE:T) WarnerMedia CEO Jason Kilar stepped down before Discovery, Inc (NASDAQ:DISCA) completed the acquisition of WarnerMedia, Variety reports. The transaction will be complete on April 11. The departure was likely as Discovery chief David Zaslav looked to run the combined company, Warner Bros. Discovery. Also Read: AT&T To Spin Off Interest In WarnerMedia…

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The Guardian - UK

Channel 4: who’s in the running to buy the British broadcaster?

Sky, ITV, Discovery and Paramount may be interested if the terms are right – and none of them would want it in the hands of any other

Daily Mirror

What does privatisation mean for Channel 4? Funding, timeline and why it's happening

Since its creation 40 years ago, free-to-air public-service television network Channel 4 has provided innovative, independent content - now it has been deemed a viable cash cow to fund the government's agenda

Bangkok Post

CEO Pay Increases and Heads for New Record as Pandemic Recedes

Pay increases for U.S. chief executives have gained steam, putting compensation on pace to set a record amid a tight labor market that is also driving pay higher for many of their workers.

Financial Times

US executives reap record pay as historic income gap with staff widens

Post-pandemic stock market rally delivers larger windfalls to bosses than to employees

The Independent UK

Live updates: Kharkiv nuclear facility again hit by shelling

Ukraine’s nuclear watchdog says that a nuclear research facility in Kharkiv again has come under shelling by Russia and the fighting makes it impossible to assess the damage

The Independent UK

Opening day: CNN+ streaming service ready for launch Tuesday

After millions of dollars in spending and hundreds of new hires, CNN is ready to launch its CNN+ streaming service on Tuesday

Salon

HBO Max & Discovery+ will combine

It's a victory for cord cutters! Soon you might enjoy your premium dramas AND "90 Day Fiancé" on one platform

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