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The Latest Breaking News from Discovery

This Is What Whales Are Betting On Warner Bros.Discovery

Someone with a lot of money to spend has taken a bearish 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.

Benzinga

Scoop: The numbers behind CNN+

CNN+ research estimated that 70% of CNN+ subscribers could be bundled over time.

Axios

After streaming's worst week, Hollywood bows at the altar of cinema

The ascendant business of steaming video, which has for years been seen as the biggest threat to the traditional entertainment industry, just had quite possibly its worst week ever. Netflix's stock got crushed. CNN+ got killed.

Los Angeles Times

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Analysis: Will Rupert Murdoch's TalkTV Succeed Where CNN+ Failed?

This week, the news broadcasting world witnessed the abrupt demise of a highly-touted startup streaming service and the rambunctious arrival of a brash new player.

Benzinga

The Edsel, Quibi and CNN+? New addition to business failures

Epic business failures — the Edsel, Quibi, New Coke — have some new company

The Independent UK

Inside the chaotic collapse of CNN+

The tea leaves were there.

Axios

Wall Street drives streaming's pivot to ads

With consumer spending on subscriptions maxed out, streamers hope to boost revenue by selling ads.

Axios

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CNN’s streaming service shutting down a month after launch

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

The Independent UK

CNN+ got canned faster than Quibi

CNN's streaming service had a rough launch, and after about a month of existence, it's heading for the chopping block.

Input

Why Warner Bros.Discovery Shares Are Plunging Today

Warner Bros.Discovery Inc (NASDAQ:WBD) is shutting down CNN's news streaming service CNN+ on April 30. The new management (formed after CNN's former parent company, WarnerMedia, merged with Discovery) decided to shut down the service following its March 29 launch. WBD CEO David Zaslav looks to house all of the company's brands under one…

Benzinga

CNN's streaming service shutting down a month after launch

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

The Independent UK

Warner Bros.Discovery Suspends External Marketing Spend For CNN+: Axios

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

Benzinga

Scoop: CNN+ looks doomed

CNN execs think the launch has been successful. Discovery executives disagree.

Axios

Benzinga's Top Ratings Upgrades, Downgrades For April 19, 2022

Upgrades

Benzinga

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news in one place.

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Benzinga

Breaking Down AT&T's Stock After WarnerMedia Spin-Off

Nearly four years after fighting a hard battle to acquire WarnerMedia and accelerating its foray into the media business, AT&T (NYSE: T) has gone back to its roots to focus on being a telecommunications company.

Tribune News Service

CNN+ streaming service reportedly off to slow start

CNN+ is a good name for a streaming service that very much needs to add viewers.

StockNews.com

AT&T vs. Verizon: Which Telecom Stock is a Better Buy?

In this article I will analyze and compare AT&T (T) and Verizon Communications (VZ) to determine which telecom stock is currently a better investment.

Benzinga

CNN's News Streaming Service Struggles To Attract Viewers, Casting Doubt Over Its Future

Fewer than 10,000 people have watched Warner Bros.Discovery Inc's (NASDAQ:WBD) streaming service CNN+ daily since its March 29 launch, CNBC reports. Warner Bros. Discovery looks to cut hundreds of millions of investment dollars for the service, given concern over its future. Incoming CNN chief Chris Licht will join Warner Bros. Discovery on May…

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news in one place.

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Benzinga

Analysts Give Thumbs Up To This Newly Formed Media Giant; Compare It To Disney

In 2021, AT&T Inc (NYSE:T) and Discovery Inc agreed to merge AT&T's WarnerMedia assets with Discovery Inc's platform to create a standalone global entertainment company, now known as Warner Bros.Discovery Inc (NASDAQ:WBD). Analysts are now comparing the new media firm with The Walt Disney Co (NYSE:DIS). Evercore ISI analyst Vijay Jayant upgraded WBD to Outperform from In-Line with a price target of $40,…

Newsroom.co.nz

John Campbell v Paddy Gower, Round 2

After three years of co-hosting TVNZ’s early morning show, Breakfast, John Campbell is returning to a reporting role. Mark Jennings looks at what the move means for 1News vs Newshub

Asharq Al-Awsat

WarnerMedia, Discovery Complete Merger, Become Warner Bros Discovery

AT&T Inc's WarnerMedia unit and Discovery Inc have completed their merger, the companies said on Friday. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol "WBD". In May last year, the companies set out to merge and become a standalone…

Axios

Discovery and WarnerMedia close $43 billion merger

The new company immediately becomes one of the entertainment industry's biggest players alongside Disney and Netflix.

Wales Online

Disabled woman 'mortified' claiming pub staff accused her of being 'too drunk and wobbly'

The bar has since said sorry to the 40-year-old who has problems walking following a spinal injury

Investors Business Daily

3 Top S&P 500 Stock Market Gainers Today; HP Soars On Buffett Stake; Twitter Retreats

HP stock was the S&P 500's top performer after Warren Buffett's Berkshire Hathaway disclosed an11% stake in the PC giant. Twitter led losers.

Benzinga

Discovery Chief Overhauls Leadership After WarnerMedia Acquisition

Discovery, Inc. (NASDAQ:DISCA) CEO David Zaslav picked his lieutenants as senior leaders of the combined group after acquiring WarnerMedia from AT&T Inc (NYSE: T), the Financial Times reports. The $43 billion merger of Warner and Discovery will likely close by April 8. JB Perrette, who has led Discovery's international and streaming businesses, is set to…

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