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- Shares of media conglomerate Discovery surged 17% on Friday, gaining momentum as investors eagerly anticipate a massive $43 billion merger with AT&T’s WarnerMedia, which cleared several regulatory hurdles and is expected to close in the next few months.
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Sep 12, 2024 · Warner Bros. Discovery is down 36.8% since the beginning of the year, and at $7.38 per share it is trading 41% below its 52-week high of $12.49 from December 2023. Investors who bought $1,000...
- Radek Strnad
Apr 8, 2024 · Warner Bros. Discovery was officially created when Discovery and AT&T’s WarnerMedia closed their megamerger on April 8, 2022. Two years later, the entertainment giant, led by CEO David...
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Shares of Warner Bros. Discovery (WBD0.51%)fell 16.5% on Friday, after the media conglomerate reined in investors' growth expectations.
Warner Bros. Discovery was formed when AT&T spun off its WarnerMedia assets and merged them with Discovery. The combination joined popular TV networks like TBS, TNT, and CNN with streaming servicesHBO Max and Discovery+. The goal was to consolidate the company's power in the broadcast and cable industries and bolster its competitive position within...
Warner Bros. Discovery now expects its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to increase from $9 billion to $9.5 billion in fiscal 2022 to $12 billion in 2023. The company's new adjusted EBITDA goal is $2 billion less than its previous forecast of $14 billion. Still, management believes Warner Bros. Disco...
- Joe Tenebruso
Apr 11, 2022 · The WarnerMedia-Discovery deal will intensify competition in the streaming market space, currently dominated by Netflix, Amazon and Disney+, driven by its solid content portfolio and...
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Apr 8, 2022 · (New York, NY) — April 8, 2022 — Today Discovery, Inc. and AT&T Inc. * (NYSE:T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery.
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