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The Latest Breaking News from Discovery

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 · Apr 19, 2022

Scoop: CNN+ looks doomed

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

Axios · Apr 19, 2022

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

Upgrades

Benzinga · Apr 19, 2022

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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 · Apr 19, 2022

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 · Apr 14, 2022

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 · Apr 14, 2022

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 · Apr 13, 2022

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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 · Apr 12, 2022

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 · Apr 9, 2022

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 · Apr 8, 2022

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

Wales Online · Apr 8, 2022

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…

Benzinga · Apr 7, 2022

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

Daily Mirror · Apr 7, 2022

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…

Benzinga · Apr 5, 2022

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The Guardian - UK · Apr 5, 2022

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 · Apr 5, 2022

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 · Apr 4, 2022

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 · Apr 3, 2022

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

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The Independent UK · Mar 27, 2022

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 · Mar 24, 2022

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 · Mar 18, 2022

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

The Independent UK · Mar 18, 2022

Stacey Abrams makes surprise cameo as ‘United Earth President’ on ‘Star Trek: Discovery’

Georgia governor candidate Stacey Abrams gets ‘beamed up’ to guest star in Star Trek universe, a series she’s a self-proclaimed ‘Trekkie’ for

Tribune News Service · Mar 15, 2022

HBO Max, Discovery+ to combine into a single streaming service as part of merger

WarnerMedia’s new streaming service is going to offer everything cable once did: the newest movies, home renovation shows and Guy Fieri.

Benzinga · Mar 14, 2022

Discovery CFO Confirms Merger With WarnerMedia's HBO Max App

Discovery Inc(NASDAQ: DISCA) CFO Gunnar Wiedenfels confirmed its merger with AT&T Inc (NYSE: T) WarnerMedia at the Deutsche Bank 30th Annual Media, Internet, & Telecom Conference, the Verge reports. Wiedenfels looks to bundle the two streaming services (Discovery Plus and HBO Max) into one offering. Wiedenfels believed that combining the two streaming services would better…

Benzinga · Mar 9, 2022

5 Companies That Stand To Lose Due To Operations In Russia, Ukraine

The invasion of Ukraine by Russia has led to many companies offering support to Ukraine while pulling operations from Russia. For many companies, the operations in the two countries represent a small portion of revenue and could have minimal impact on operations as the conflict continues.

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