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Warner Bros. Discovery Touts “Disciplined” Post-NBA Sports Strategy, Says It Is “Responding Tenaciously And Creatively” To Pay-TV Declines
Warner Bros. Discovery touted its "disciplined" sports strategy, saying it is responding "tenaciously and creatively" to ongoing pay-TV declines.
“The earnings generated by our linear networks continue to support our ability to invest in our transformation,” the company wrote in the letter. “We are responding tenaciously and creatively to the secular headwinds we face in the broader linear television market, and we are squarely focused on maximizing our Networks’ ongoing cash generation potential.” “Reduced subscribers combined with further pressure on linear viewership, particularly for general entertainment content, makes forecasting networks’ advertising challenging.”
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