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Warner Bros. Discovery’s David Zaslav Plays Defense On NBA Loss, Deal Speculation
The company faced down skeptical media analysts after losing the NBA and reporting a major write-down in the second quarter.
Discovery CEO David Zaslav, CFO Gunnar Wiedenfels and JB Perrette, head of streaming and games, faced down skeptical media analysts today after losing the NBA and reporting a second quarter mostly below Wall Street forecasts and with a massive write-down stemming, in great part, from what feels like a basketball debacle. Execs called the write-down the result of an industry in transition, meaning linear networks, where WBD is not seeing any improvement. And you will see as our studio begins to grow, and if our global direct-to-consumer business scales the way we believe it’s going to, then that’ll be very apparent to investors, and we expect that will create shareholder value.”
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