The Latest Breaking News from Discovery

Someone with a lot of money to spend has taken a bullish stance on Warner Bros.Discovery (NASDAQ:WBD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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.

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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."

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Someone with a lot of money to spend has taken a bullish stance on Warner Bros.Discovery (NASDAQ:WBD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.