Investors slam Warner Bros. Discovery with lawsuit over loss of NBA deal
A lawsuit filed this week in New York federal court alleges that shareholders suffered “significant losses and damages” over the company’s inability to hold onto its NBA contract, which prompted Warner Bros. Discovery to take a $9-billion write-down in the value of its basic cable networks, including TNT, which had carried NBA games since 1989.
On Wednesday, Warner Bros Discovery Inc (WBD) stock saw a modest uptick, ending the day at $10.38 which represents a slight increase of $0.27 or 2.67% from the prior close of $10.11. The stock opened ...
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Warner Bros Discovery has a new content chief in the Nordics. Former MultiChoice and Viacom exec Allan Sperling has been ...
Warner Bros. Discovery has appointed Allan Sperling as new GVP of programming, networks and streaming in the Nordics.
Warner Bros. Discovery, a major media company, trades on Nasdaq with ticker WBD. Investors can buy shares via a brokerage by setting a budget and using dollar-cost averaging. Thorough research ...
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