Commissar SFLUFAN Posted July 18 Share Posted July 18 WHOA! WHO AMONG US COULD HAVE SEEN THIS COMING!?!?! Warner Bros Discovery mulls break-up to boost stock price, FT reports (Reuters) Quote Warner Bros Discovery (WBD.O), opens new tab, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its legacy TV networks in a bid to boost its flailing stock price, the Financial Times reported on Thursday. The media giant's shares jumped 6.5% in premarket trading. CEO David Zaslav is examining several options for the company, ranging from selling assets to separating its Warner Bros movie studio and Max streaming service into a new company, the FT reported, opens new tab, citing people familiar with the matter. The report said most of the group's debt of about $39 billion as of March 31 could remain with the pay-TV networks business if Warner Bros Discovery breaks up. Dumping that debt on to the pay TV networks will pretty much be their death knell. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted July 18 Share Posted July 18 WB really has had such a terrible run of owners. Quote Link to comment Share on other sites More sharing options...
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