DISCK News and Press, Discovery Inc. From 03/09/22

Exiting CNN chief Jeff Zucker has sealed a deal with WarnerMedia (T +1.9%) over his departure and won't sue as part of the arrangement, Deadline Hollywood reports. Zucker resigned abruptly about five weeks ago, citing an undisclosed relationship with a CNN employee, PR/marketing chief Allison...

Netflix's (NASDAQ:NFLX) formerly firm stance against allowing ads on its leading streaming service appears to be a little softer today, with Chief Financial Officer Spencer Neumann saying "never say never." Asked at a Morgan Stanley conference about Disney's (NYSE:DIS) move to develop a cheap...

Morgan Stanley has taken a bullish stance on AT&T stock (T -0.7%), with a catalyst-driven take that the upcoming spin-off of its shares for the Warner Bros. Discovery deal will unlock value in communications. The update comes ahead of AT&T's investor day on March 11, where some additi...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Many analysts have been bearish on AT&T (NYSE: T ) stock lately because of the change in the company’s structure with a dividend cut included in the regime’s implementation of new strategies. Sour...

AT&T is set to spin off WarnerMedia sometime in April. The new company will have a large content library, but a lot of leverage. AT&T has underperformed the broader market over the past two decades by 400%. Is AT&T a buy? The stock is cheap, but management miscues ...

CNN+ (T +0.6%) will charge forward into the streaming void this month even as it wraps up a messy scramble at the very top of CNN that resulted in a change of leadership at the longtime news network. One month ago, veteran CNN chief Jeff Zucker stunned colleagues by resigning, pointing to an ...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips AT&T (NYSE: T ) plans on spinning off its WarnerMedia division very soon into a new company called Warner Bros. Discovery , which will likely have the symbol WBD. As a result, T stock looks like it could be good ...

CHRIS LICHT NAMED CHAIRMAN AND CEO OF CNN GLOBAL AS PART OF PLANNED WARNER BROS. DISCOVERY TRANSACTION PR Newswire NEW YORK , Feb. 28, 2022 /PRNewswire/ -- Discovery, Inc. today announced its plans to appoint Chris Licht as the new chairman and chief exec...

Discovery (DISCA -2.3%) confirms that Chris Licht will lead CNN after the completion of Discovery's acquisition of WarnerMedia (T -1.4%) early in the second quarter. “I have known and admired Chris for more than 15 years and strongly believe he is the best person to lead CNN Global as ...

WarnerMedia (T -1.2%) is set to replace Jeff Zucker as the leader of CNN with CBS (PARA +0.1%) executive Chris Licht, according to media reports. Licht, executive VP of special programming at CBS, will be named as soon as the coming week. Licht has built up two news programs and is currently ...