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The Latest Breaking News from Warner Bros Discovery

Warner Bros. Discovery faces “generational disruption” dilemma after loading up on debt just as the TV ad market crashes

Investors recoiled at the news, sending the stock plummeting 19% and handing Zaslav his worst trading day in two years.

Fortune

Warner Bros. Discovery Moves Streaming Operations into Profit as Subs Decline

DTC adjusted EBITDA was $111M, a $745M year-over-year improvement

TV Tech

Max Is Ending Certain Perks for Ad-Free Subscribers

Legacy ad-free Max subscribers will lose two benefits in December.

Kiplinger

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Markets Today: Stocks Slightly Higher Ahead of Comments from Fed Chair Powell

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.06%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.01%. Stock index futures this morning are slightly higher. Some positive corporate news today is lifting stock index futures along with a decline in global bond yields. The...

Barchart

Warner Bros. Discovery Reports Streaming Profit Despite Shedding Subscribers

Overall net loss shrinks in third quarter

Multichannel News

S&P Futures Tread Water Ahead of Powell Speech, Disney Earnings on Tap

December S&P 500 futures (ESZ23) are trending up +0.06% this morning as investors looked ahead to comments from Fed Chair Jerome Powell for further clues on the U.S. central bank’s monetary policy path while also awaiting an earnings report from Disney.

Barchart

Hollywood is fighting over the 'Zombie Clause’ that critics allege would let studios use AI likenesses of dead actors without consent

The actors guild is concerned the clause doesn't offer protections to deceased actors.

Fortune

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Jonathan Katz Forming Free TV Networks Business With Warner Bros. Discovery, Lionsgate, Gray TV

African-American network and Western channels set to launch New Year’s Day

Broadcasting & Cable

David Zaslav is Hollywood's latest villain, but Wall Street predicts a plot twist

The Warner Bros. Discovery CEO is the ultimate penny-pinching entertainment and media mogul for the private-equity era. But can a more austere Hollywood still deliver hits?

Fortune

The biggest sports battle isn’t on the field. It’s at the negotiating table as Big Tech fights Big Media for dominance in streaming major league athletics

The cord-cutting phenomenon has turned the world of sports on its head, and everyone wants in on the game.

Fortune

Hollywood writers reach ‘tentative’ but ‘exceptional’ deal to end WGA strike after 146 days

WGA members must now vote to approve deal to end strike

The Independent UK

Warner Bros Studios Leavesden to undergo significant expansion, creating 4,000 jobs

Chancellor Jeremy Hunt described Warner Bros Discovery’s investment in the site as a ‘huge vote of confidence in the UK’.

Evening Standard

Warner Bros Studios Leavesden to create 4,000 jobs across UK after expansion

Jeremy Hunt describes Warner Bros Discovery’s investment in site as ‘huge vote of confidence in UK’

The Independent UK

And end in sight? Striking writers and Hollywood studios resume negotiations for second day

Hollywood studios and striking screenwriters are resuming negotiations for the second day in a row Thursday

The Independent UK

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The Hindu

KTR opens CapitaLand’s tech park, Warner Bros. Discovery’s centre in Hyderabad

Fortune

The cable and streaming singularity comes closer as Max is going to offer free live sports streaming until March 2024

After that, you’ll have to pay an extra $10 per month.

The Independent UK

Warner Bros. Discovery to offer live sports on its Max streaming service

Warner Brothers Discovery is entering the direct-to-consumer live sports market

The Independent UK

How can I watch TNT Sports? BT Sport rebrand explained

BT Sport’s renaming follows a merger with Eurosport-owners Warner Bros Discovery

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USA Today Sports Media Group

Rockets, Astros to jointly run ‘Space City Home Network’ for local TV games

The 2023-24 #Rockets and 2024 Astros will broadcast regional TV games on the newly branded “Space City Home Network,” according to media reports.

Fortune

Hollywood's strikes are bulldozing the economy to the tune of 17,000 jobs and forcing a major studio to cut earnings guidance by $500 million.

The dual Hollywood strikes have eliminated legions of jobs and forced Warner Bros. Discovery to cut its projected profits.

Fortune

Leaders like David Zaslav show there's a dark side to 'managing up'

Managing up can be healthy, but the toxic version can hurt trust and innovation. Safeguarding against the downward spiral that it creates demands adding checks and balances within the system.

The Guardian - US

Can Mark Thompson revive CNN’s struggling fortunes?

The former BBC and New York Times chief has been tasked with revitalizing a news network that seems to have lost its way

Fortune

New CNN CEO Mark Thompson once rescued the New York Times from the end of newspapers. Can he do the same with CNN as cable TV dies?

After a tumultuous past few years, CNN has tapped Thompson's proven ability to turn around news organizations.

TV Tech

Mark Thompson Named Chairman and CEO of CNN Worldwide

Warner Bros. Discovery brings in former director-general of the BBC and former president and CEO of The New York Times Company to turnaround CNN

The Independent UK

CNN names former New York Times and BBC boss Mark Thompson as next chief executive

Mark Thompson led the BBC between 2004 and 2012 and The New York Times from 2012 until 2020

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