Chris Licht, CEO of CNN, is out at the news network. The NYT reports he met with WBD chief David Zaslav, who then told staff that Licht was departing immediately. Licht had been handpicked a year ago by Zaslav to steer CNN after the departure of its long-time chief Jeff Zucker. However Licht’s tenure was […]

Back at the true beginning of the multichannel era there was MTV, and then there was CNN. CNN’s founder Ted Turner, on the news network’s first day of transmissions in 1980, said that barring satellite problems “we won’t be signing off until the world ends”. He added that the channel would then play the old […]

Warner Bros Discovery (WBD) has reported its Q1 financial results for the quarter ended March 31st 2023. Amid falling revenue and increased losses it has reported a $50 million (€45.3m) operating profit in streaming with nearly 97 million subscribers worldwide. David Zaslav, President and Chief Executive Officer of WBD, commented: “It is an important time […]

Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. David Zaslav, President and Chief Executive Officer of WBD, commented: “With the major restructuring decisions behind us, this year we are focused on building and growing our businesses for the future, and we’re off to a great start. […]

Warner Bros Discovery has reported financial results for the quarter ended September 30th 2022. David Zaslav, President and Chief Executive Officer of Warner Bros Discovery, commented: “At Warner Bros Discovery, we have one of the strongest portfolio of assets and IP across sports, news, and entertainment, and the best leadership team in media executing against the […]

Warner Bros Discovery has revealed further details about its plan to combine SVoD services HBO Max and Discovery+ into one offering. Speaking during the company’s Q2 analyst call, executives said a merged version of the two SVoD services would begin to roll out in the US in the summer of 2023 and expand to other […]

Warner Bros Discovery has reported results for the quarter ended March 31st 2022. The results cdo not include Q1 performance for the WarnerMedia business, which was acquired on April 8th. David Zaslav, President and Chief Executive Officer of Warner Bros Discovery, commented: “With Warner Bros Discovery, we are creating a pure-play media company with diversified […]

Discovery and AT&T have closed their transaction to combine the WarnerMedia business with Discovery. The new entity, Warner Bros Discovery, will begin trading on the Nasdaq with the start of trading on April 11th, under the new ticker symbol ‘WBD’. Warner Bros Discovery will create and distribute the world’s most differentiated and complete portfolio of […]

Discovery has announced the future executive leadership team for Warner Bros Discovery, ahead of the close of the company’s transaction to combine its non-fiction and international entertainment and sports businesses with WarnerMedia’s premium entertainment, sports and news assets. David Zaslav, the future CEO of Warner Bros Discovery, commented: “We are so excited to bring the […]

Discovery has announced the full slate of director designees for the combined company, Warner Bros Discovery (WBD).  The directors will be elected and begin serving on the WBD Board effective at the closing of the proposed combination of Discovery and WarnerMedia, which is expected to occur early in the second quarter of 2022. “I look […]