Warner Bros. Discovery Inc., the company created by Discovery’s merger with AT&T Warner Bros., reported net earnings of $ 456 million, or 69 cents a share, for the first quarter, up from $ 140 million, or 21 cents a share. share a year ago. Revenue rose to $ 3.159 billion from $ 2.792 billion a […]
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Warner Bros. Discovery shuts down CNN + news service
LAST UPDATE: 19:42 Warner Bros. Discovery announced that it was going to shut down CNN + on April 30, just a few weeks after its launch. CNN + offers a combination of live, on-demand and interactive content streaming. “The decision is not about quality. We appreciate all the work, ambition and creativity that went into […]
AT&T: WarnerMedia splits under $ 43 billion deal with Discovery
AT&T is parting ways with WarnerMedia as part of a $ 43 billion deal to merge its media business with that of Discovery Inc., the telecommunications giant announced on Tuesday. AT&T shareholders will own 71% of the new Warner Bros. company. Discovery and will receive 0.24 shares of Warner Bros. Discovery for every single AT&T […]
WarnerMedia could cut thousands of jobs
Spectacular drop in cinema attendance, fall in advertising revenue, the health crisis is not affecting the entertainment industry. Faced with this constant, one of the largest companies in the sector, the WarnerMedia group, owner of HBO and CNN channels, and an AT&T subsidiary , will take drastic restructuring measures that could lead to thousands of […]