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Media and technology shares followed broader markets higher as the U.S. and China announced a 90-day pause in punishing tariffs that risked economic havoc on both nations.
Media giants' annual pitch to advertisers kicks off in the Upfronts this week, and discussions are clouded by economic uncertainty. Media ad chiefs say chief marketing officers across industries are making contingency plans in light of the trade war.
The management's turnaround effort took two years longer than expected. John Malone's support and investment indicate confidence in long-term gains. Jerry Jones' profitable investment in Comstock exemplifies the rewards of a contrarian strategy.
Warner Bros. Discovery, Inc (NASDAQ: WBD) announced fiscal first-quarter results on Thursday.
NEW YORK , May 9, 2025 /PRNewswire/ -- Warner Bros. Discovery, Inc. (Nasdaq: WBD) today announced that its Chief Financial Officer Gunnar Wiedenfels will present at MoffettNathanson's 2025 Media, Internet and Communications Conference on Thursday, May 15, 2025 at 3:10 p.m.
Shares of media company Warner Bros. Discovery (WBD) popped Thursday following reports that the company was considering a split.
WBD's first-quarter 2025 results reflect sluggishness in overall advertising and distribution revenues.
Shares of Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) rose nearly 5% on Wednesday after CNBC reported the media conglomerate is considering a split that would separate its legacy cable networks from its film studio and streaming businesses. The proposed move, which has not been formally announced, would see the company spin off its linear cable and news assets into a separate entity while keeping its film studios, including DC, and streaming platform Max, according to CNBC's David Faber, citing people familiar with the matter.
WBD chief executive David Zaslav said an internal reorganization into two operating divisions, Global Linear Networks and Studios & Streaming, means “we can move quickly if we decide to change and make a determination on restructuring.
The company missed first-quarter revenue estimates and posted a larger-than-expected loss due to a sluggish box office performance and ongoing declines in cable.