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Warner Bros. Discovery shares drop 10% as company misses estimates, warns of 2024 cash flow headwinds

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The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of Motion Pictures and Television Producers, in…

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Warner Bros. Discovery is hyping free cash flow. Investors don’t appear to be buying it

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The "Bobs" from the film Office SpaceSource: 20th Century Fox | YouTubeListening to Warner Bros. Discovery Chief Executive Officer David Zaslav speak on Friday's fourth-quarter earnings calls, I couldn't help…

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FuboTV sues Disney, Fox, Warner Bros. over sports joint venture

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Sports streaming platform FuboTV is suing Disney, Fox and Warner Bros. Discovery over their recently announced joint venture, citing what the company calls "extreme suppression of competition in the U.S.…

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Pay TV distributors may be planning their attack against new sports joint venture

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A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesIt's been about a week since Disney, Warner Bros. Discovery and Fox announced…

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Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings

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Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | ReutersParamount Global is laying off…

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How the NFL is transforming the media business with streaming

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The NFL isn't just the most popular sports league in the U.S., it's also the most valuable with the highest-rated programming and the priciest ad time.In 2021 the league signed…

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Wall Street loves Disney’s kitchen-sink quarter, but Nelson Peltz says he isn’t backing down

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Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York.Heidi Gutman | CNBC, NBCU Photo Bank, NBCUniversal…

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David Ellison’s Skydance Media explores acquiring all of Paramount Global, sources say

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Shari Redstone, president of National Amusements and Vice Chairman, CBS and Viacom speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019. Mike Blake | ReutersDavid Ellison's…

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Why Shari Redstone is trying to sell Paramount — and why she needs the right deal

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Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Mike Blake | ReutersParamount Global nonexecutive chair and controlling shareholder…

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Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven’t materialized

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Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP…