WBD Stock Recent News

Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) has reportedly slammed the brakes on plans to acquire Paramount Global (NASDAQ:PARA) after several months of deliberations over the move to create a Hollywood giant. After David Zaslav and Bob Bakish, respective chief executives of the two studios, held talks in recent months, discussions have now cooled off, according to CNBC-cited sources.

One of New Zealand's two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs.

Warner Bros. Discovery is reportedly hitting pause on merger talks with Paramount Global, a deal that could have created a streaming and broadcast giant.

Paramount Global's list of potential suitors shrank Tuesday after Warner Bros. Discovery reportedly said it is no longer pursuing merger talks with the struggling media giant.

Warner Bros. Discovery has paused merger talks with Paramount Global, sources told CNBC on Tuesday, just two months after talks started on what would be a blockbuster shake-up in the burgeoning streaming wars.

Warner Bros Discovery Inc is trending up at writing following news that it has paused mergers talks with Paramount Global. The mass media giant was reported to have seriously engaged in discussions with $PARA over a potential merger in January.

Warner Bros. Discovery has paused merger discussions with Paramount Global as the company trades at a 52-week low, sources told CNBC.

Many prominent Wall Street analysts and well-regarded economists are predicting a potential market downturn, or even a crash, this year. Observers say this is particularly likely if the economy falls into a recession, as some people continue to expect.

Tom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Warner Bros. Discovery's quarterly earnings results, the challenges facing the company and CEO David Zaslav, the streaming landscape at large, and more.

Warner Bros. Discovery was beaten up by the market when management did not provide specific 2024 guidance. The company should see tailwinds from the end of the writers' and actors' strikes, a stabilizing advertising market, and a continued focus on D2C profitability. WBD is trading at about half of my fair value estimate and is much cheaper than even its low-growth peers, especially on price/FCF.