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The Latest Breaking News from WBD

Sky’s full-year losses double to £224m as revenue flatlines

Growth in earnings from smart TV, mobile, broadband and streaming offset by drop in popularity of Q box

The Guardian - UK

Beware Hollywood’s digital demolition: it’s as if your favourite films and TV shows never existed

The amount of media being wiped from the internet is worrying for viewers, and industry workers who need the exposure, says journalist and critic Zach Schonfeld

The Guardian - UK

Is Warner Bros. Discovery Stock Underperforming the Nasdaq?

Despite Warner Bros. Discovery’s underperformance relative to the Nasdaq Composite over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Barchart

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Next Text: Showcasing the Brilliance of David Zaslav?

Our weekly back-and-forth also looks at the big Disney-DirecTV deal, Synamedia's 'Senza' cloud-based streaming dongle ... and the terrifying Big Ten fate of the once-proud UCLA football program

Broadcasting & Cable

WBD, Charter Ink Early Renewal for Distribution Deal That Adds Free Streaming Services

The Warner Bros. Discovery and Charter Communications deal will include Max’s Ad Lite tier and Discovery+ in Spectrum TV Select packages for free

TV Tech

Charter Reaches Distribution Deal With Warner Bros. Discovery That Gives Subscribers Streaming Service Max

‘This strategic relationship with WBD further evolves the linear and broadband video distribution model and supports Spectrum’s efforts to provide flexible packages,’ Charter CEO Chris Winfrey said

Multichannel News

NBA Files Motion to Dismiss WBD Lawsuit Over NBA Rights

The court filing argues that the Warner Bros. Discovery’s lawsuit should be tossed because it did not match Amazon’s offer for a package of NBA games

TV Tech

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NBA Files Motion to Dismiss WBD’s Lawsuit, Claims It Tried To ‘Rewrite’ Amazon’s Offer

Warner tried to ‘match’ Amazon’s streaming rights package with a linear one, league contends

Multichannel News

Why Is WBD Paying $8.5 Billion For a Physical Studio ... While It's $38 Billion in Debt and AI Production Is Dawning?

Also in this week's 'Next Text,' we break down Kamala Harris' Bigger DNC crowd sizes, and we look at how the Venu Sports guys really messed up

Broadcasting & Cable

Warner Bros To Pay $8.5 Billion for Nevada Studio … Under One Condition

The roughly $500 million annual commitment depends on the outcome of a state Senate proposal

Multichannel News

DirecTV Programming Chief: The Venu Sports Guys 'Got Caught With Their Hands in The Cookie Jar in a Big Way'

With a federal court ruling casting a harsh light on practices including bloated network bundles and forced minimum penetration, Rob Thun touts a plan for a 'brighter TV future'

Broadcasting & Cable

ESPN Price Per Subscriber Still $9.42

Fubo's antitrust suit against Venu Sports also details how the JV came together

Broadcasting & Cable

Is Warner Bros. Discovery's Financial Health Really 'Better Than It Appears'?

Also in this week's 'Next Text,' we kick the tires on Venu Sports' future, whether 'home entertainment' still exists ... and those who would doubt Caleb Williams

Broadcasting & Cable

WBD vs. GOGO Hit 52-Week Lows: Which is the Better Buy?

Warner Bros. Discovery hit its 35th 52-week low on Tuesday. Gogo hit its 32nd of the past 12 months. The former also hit its 32nd 2-year low, while the latter had its 43rd 2-year low. While they’re both troubled companies, one is a better buy than the other. Here’s why.

Barchart

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TV Tech

WBD Reports Record European Streaming and TV Viewing for Paris Olympics

7B minutes of coverage was viewed in Europe during the games as Max added a record number of new subscribers

Broadcasting & Cable

Parsing Linear TV's Massive $15 Billion Correction

Also in this week's 'Next Text,' we check in on Elon Musk's $44 billion propaganda machine, and we process all we loved (and loathed) about The Olympics

TV Tech

FCC Grants TNT, TBS a Limited Waiver of Audio Description Rules

The petition was unopposed and the American Council for the Blind and the National Federation of the Blind consented to the waiver, the FCC said

Multichannel News

Warner Stock Plunges to All-Time Low Following $9 Billion Q2 Write-Down

After losing the NBA and swinging back to a quarterly loss on streaming, investor optimism begins to fade

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news in one place.

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TV Tech

Warner Bros Discovery Adds 3.6M Streaming Subs, Writes Down Value of Its Cable Nets by $9.1B

WBD stock slumped after announcing major write downs and reporting reduced revenue for both networks and streaming

The Guardian - UK

‘Traditional TV is dying’: can networks pivot and survive?

Warner Bros Discovery this week wrote down $9bn as it – and others – play catch-up with streaming and video services

Sports Illustrated

Let’s Celebrate Lee Corso on His 89th Birthday

Never forget that Lee Corso gave us one of the great f-bombs in sports TV history.

Sports Illustrated

TNT's 'Inside the NBA' Could Be Rebranded Once NBA Deal Is Up, per Report

Turner Sports is getting creative with its post-NBA sports coverage.

Sports Illustrated

Charles Barkley Doesn’t Know Why Warner Brothers Discovery Sued NBA, Says Adam Silver Won’t Lose Lawsuit

Barkley on NBA dumping TNT: “Hey, they want to break up with us. I don’t want no woman who I gotta sue to say, ‘Hey, you got to stay with me.’”

Sports Illustrated

Charles Barkley To Remain At TNT, Not Retiring

Charles Barkley will not be joining ESPN, NBC or Amazon.

The Guardian - UK

Paris Olympics deal hands Discovery+ gold in UK TV streaming race

Subscriber growth booms for US pay-TV firm after move to grab European broadcast rights from BBC

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