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Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
Warner Bros. Discovery stock, which has been gaining ground in recent weeks after falling to a low of about $6 a share earlier this year, jumped 15.4% on the news to $12.49. Zaslav and his team ...
On May 17, 2021 AT&T announced that it was spinning off its content subsidiary WarnerMedia and merging it with Discovery, Inc. to form a new company, Warner Bros. Discovery, subject to regulatory approval. The deal, which closed in April 2022, was structured as a Reverse Morris Trust; at the time the deal was completed, AT&T's shareholders held ...
On Feb. 1, 2022, AT&T (NYSE:T) finally announced details on the spin-off of its WarnerMedia subsidiary after its merger with Discovery, Inc. (NASDAQ:DISCA, NASDAQ:DISCK, NASDAQ:DISCB). The ...
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
Q3 revenue in Warner Bros. Discovery’s direct-to-consumer streaming segment rose 9% to $2.6 billion, and adjusted earnings came in at $289 million, a $178 million increase from the year-prior ...
Warner Bros. Discovery has been struggling since the business was formed through a merger in 2022. It is burdened with billions of debt and facing headwinds from the decline of linear media.
Warner Bros. Discovery (NASDAQ:WBD), formed two weeks ago from the merger of WarnerMedia. The spin-off from AT&T’s (NYSE:T) Discovery, Inc. is tanking. It first started trading around $25 per ...