Warner Bros. Discovery's Big Breakup
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5hon MSN
Shares of Warner Bros. Discovery Inc. Series A slid 3.33% to $10.16 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,
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Besides cutting HBO Family, WBD also plans to cease operations on the Cinemax multiplex channels ThrillerMax, MovieMax and OuterMax. Details of the pare down was first reported this week by Cord Cutters News,
Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.
Though the new year has almost passed its first full fiscal quarter, media layoffs across the entertainment industry have continued to bleed over from last year’s avalanche of job cuts. The unfortunate trend can still be felt following the COVID-19 pandemic,
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