Warner Bros. Discovery puts itself up for sale

[pstokely]

Source: NBC News

Warner Bros. Discovery, the owner of HBO, CNN, and other cable networks, said on Tuesday that it is putting itself up for sale.

In a press release, the company announced a "review of potential alternatives," Wall Street speak for a sale. WBD said it had recently received "unsolicited interest" from "multiple parties for both the entire company and Warner Bros."

The company said that while it shops itself around, it will continue to work on the previously announced split of its cable networks from its streaming and studio business.


Read more: https://www.nbcnews.com/business/media/warner-bros-discovery-for-sale-rcna238857

[NCDem47]

1. Dear God. Not ANOTHER Trump-supporting billionaire who buys it as toy and propaganda tool.

[awesomerwb1]

2. Guaranteed a maga techno bro acquires it

Guaranteed.

[NCDem47]

5. Trump Admin will let MAGA buyer sail through and extrort anyone else.

That's where we're at today with big mergers and acquisitions.

[popsdenver]

3. Just like so many other

mega billion corporations and their owners have realized: RESISTANCE IS FUTILE, and they are dealing with a TRUE "BORG"

They are all dropping to their knees and kissing the ring........Musk, Ellison, Zuckerberg, Bezos, Gates, Tim "Apple" etc etc etc

[Auggie]

4. "A review of strategic alternatives to maximize shareholder value"

Bullshit. There's something else at play.

Maybe AI?

Thinking it makes traditional entertainment creation obsolete, and most of the infrastructure is rendered worthless. Just a guess.

Link reports the company is several billion in debt too.

[Ursus Rex]

6. Zaslav is notorious for the debt-oriented style of mgmt

... so that's not surprising, plus they were already in the red. One interesting twist is that DC Comics recently announced they would neither use nor allow AI in their creative process. There's still 100+ years of the multifarious Warner film and music properties, tho.

[FakeNoose]

7. Let's see ... who's got money to burn?

Bezos? Musk? Taylor Swift?