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The Latest Breaking News from Warner Bros Discovery

David Zaslav defends Warner Bros. Discovery cuts: ‘We did not get rid of any show that was helping us’

LOS ANGELES — Warner Bros. Discovery Chief Executive David Zaslav addressed the significant cuts made at the company during the last six months, framing them as part of a fundamental “rethinking and reimagining” of how the media giant works as the entertainment industry endures a period of dramatic transformation.

Los Angeles Times

Can a new morning show with Don Lemon help turn around CNN's fortunes?

Calling 2022 a turbulent year for CNN is an understatement.

Los Angeles Times

US media mayhem set to continue as economic downturn bites revenues

The media bloodletting is underway as digital giants share less-than-rosy quarterly results. Will traditional media follow?

Crikey

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CNN chief Chris Licht tells staff to brace for budget cuts

After Warner Bros. Discovery announced it will incur more than $1 billion in downsizing costs, CNN chief Chris Licht told staff at the news network to prepare for cutbacks.

Los Angeles Times

DC Has Found Its Answer to Disney's Kevin Feige

Warner Bros. Discovery hopes an unexpected Dynamic Duo helps right the DC ship.

The Street

James Gunn and Peter Safran named to lead DC Studios for Warner Bros.

LOS ANGELES — Warner Bros. Discovery has found its leaders for the DC film and television universe.

Los Angeles Times

Director James Gunn, Peter Safran to co-lead DC Studios

James Gunn, the writer-director who revived “The Suicide Squad” and made the “Guardians of the Galaxy” household names for Marvel, will soon be responsible for the future of Batman, Superman and the entire DC Universe for Warner Bros

The Independent UK

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Warner Bros. Discovery to spend more than $1 billion downsizing

Warner Bros. Discovery reports that it will incur up to $1.5 billion in costs to shrink the company, cancel programming and provide severance packages to laid-off workers, among other expenses.

Los Angeles Times

Bad winter coming for U.S. media companies

The new economic reality means layoffs, hiring freezes, and other cost-cutting measures.

Axios

Did Black Adam Save DC Comics? How The Rock Could Revive Warner Brothers Stock

Best known as the home of Batman and Superman, DC Comics has a library of hundreds of comic book characters. Parent company Warner Bros Discovery (NASDAQ: WBD) now appears to have a new hit superhero movie from the DC Comics universe.

Benzinga

The Rock is Called in to Save the DC Comics Superhero Franchise

Dwayne “The Rock” Johnson has the look, but critics are mixed on the new Warner Bros. Discovery film 'Black Adam."

The Street

Is 'Black Adam' Warner Bros. Discovery's Last Chance to Make the DC Universe Work?

Or is it maybe time to move on from the DCEU?

The Street

TNT’s ‘Inside the NBA’ hosts agree to contract extensions

“Inside the NBA” begins its 34th season on Tuesday.

Chicago Sun-Times

Royalty Checks Help Her Sleep: Harry Potter Author J.K. Rowling Brushes Off Fan Backlash

The wizarding world of Harry Potter has spawned a bestselling book series, high-grossing movies, theme parks and a strong licensed brand.

Benzinga

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Benzinga

Netflix Investor Buys Stake In Another Entertainment Company, Praises Its 'Must See' Content

A leading fund manager is increasing exposure to the streaming market across several mutual funds.

Los Angeles Times

Writers workshop axed as layoffs hit Warner Bros. Television

Warner Bros. Discovery's rolling layoffs have come to its television division, the studio responsible for shows including "Ted Lasso," "Abbott Elementary" and "The Bachelor."

The Independent UK

SMRG and Warner Bros Discovery to launch new Arabic-language channel

CNN and HBO owner says new partnership with SRMG is ‘a solid step for us’

Sports Illustrated

Tony Khan Reflects on Three Years of ‘AEW Dynamite’

This week’s episode will mark the third anniversary of the company’s flagship TV show.

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The Street

Final Seasons for 'The Flash' and 'Riverdale' as Network Shifts

Amid big cuts at The CW, former corporate owners are still expected to produce shows for the network.

Asharq Al-Awsat

SRMG, Warner Bros. Discovery Partner to Launch 'Asharq Discovery'

The Saudi Research and Media Group (SRMG), the MENA region's largest media group, entered into a long-term partnership with Warner Bros.

The Street

AT&T Stock Approaches Key Support as Dividend Yields 7%

AT&T has been crushed this year, down more than 40% from its high. But now the stock nears a key area on the charts with a 7% dividend yield.

The Independent UK

Mel Gibson claims Warner Bros Discovery merger is behind Lethal Weapon 5 delay

‘They chop everyone else up and throw them away and get new people,’ actor said of long-awaited fifth action instalment

The Street

Warner Bros. Discovery May Already Be Eyeing Another Merger

Rumors are circulating that CEO David Zaslav is eyeing a huge competitor for a sale.

Inverse

'Constantine 2' signals new life for DC movies — but at what cost?

17 years later, 'Constantine' is experiencing a resurrection. But what does it tell us about DC's on-screen future?

Los Angeles Times

2022 Emmys: Do the awards still matter in a TV business under siege?

LOS ANGELES — The 74th Emmy Awards were handed out Monday night with trademark glitz and self-deprecating humor, but this year’s show did little to mask the fear roiling the television industry.

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