Warner Bros. Discovery stock surges as it restructures its business
CNN
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday, it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday, it is establishing a new corporate structure that splits its cable networks off from its growing streaming business. The restructuring is not a spinoff of cable assets, as Comcast recently announced, but it may ultimately have the same effect. Warner Bros. Discovery will have two separate operating divisions: “Global Linear Networks” for CNN, TBS, TNT and other cable networks, and “Streaming & Studios” for Max and the company’s film and entertainment studios. The company said the changes will take effect by mid-2025. Shares of Warner Bros. Discovery (WBD) rose 7% in premarket trading after the restructuring was announced. The new structure will give Warner Bros. Discovery more “flexibility with potential future strategic opportunities across an evolving media landscape,” CEO David Zaslav said in a press release. Wall Street analysts have been anticipating merger and acquisition activity across the cable television industry contracts in the streaming era, particularly as President-elect Donald Trump takes office with a deregulation agenda.
Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week.
Companies like Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease.
Corporations are scrambling to protect their senior executives. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints.
There are a couple of weeks left in 2024. That gives you a little time to do any number of things that can reduce your taxes and boost your bottom line for this year.
2024 may not have been the best or worst year ever for McDonald’s — but it was certainly a memorable one.
A bankruptcy judge has blocked The Onion’s winning bid for Alex Jones’ Infowars conspiracy platform, citing concerns with the auction process which he says left money on the table.
General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance features that require a driver to be ready to take control of the car, the company said Tuesday.
A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.
Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday.
1-star McDonald’s reviews and sympathetic merch: Companies try to stop online support for CEO killer
After police found the words “deny,” “defend” and “depose” printed on shell casings near the site where UnitedHealthcare CEO Brian Thompson was gunned down, merchandise bearing those words started to appear online.
Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests.