I keep waiting for the Board to fire Zaslov...and waiting.To continue the Warner is a absolute disaster discussion-
Warner Bros. Discovery Could Be Dumping Some Cable TV Networks As It Freezes Hiring, and Starts New Cost-Cutting Measures | Cord Cutters News
Warner Bros. Discovery (WBD), the media conglomerate behind iconic brands like CNN, HBO, and TBS, is grappling with significant challenges as it navigates a rapidly shifting entertainment landscape. According to a recent report from CNBC, the company has paused all non-essential hiring and is...cordcuttersnews.com
According to a recent report from CNBC, the company has paused all non-essential hiring and is exploring a major corporate restructuring that could lead to a breakup of its operations.
The cable networks segment, which includes TNT, Food Network, and HGTV, has been hit hard by cord-cutting and a 17% drop in ad revenue in Q4 2024, driven by a 28% decline in domestic network audiences. These struggles prompted WBD to write down the value of its TV assets by over $9 billion last August.
While its streaming service Max reached 116.9 million subscribers in Q4 2024, the cable networks remain a drag on profitability, with revenues falling 5% to $4.8 billion and profits dipping 13% to $1.9 billion.
