Business
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Warner Bros. Discovery Stock Dips 4.5%, Continuing Q2 Earnings Fallout
The conglomerate’s stock is down 42% year-to-date as Wall Street responds to that $9.1 billion write-down
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Susan Wojcicki, Former YouTube CEO and Leading Google Exec, Dies at 56
Wojcicki was instrumental in Google’s decision to buy the video platform in 2006
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Smartmatic Executives Charged by Justice Department Over Alleged Bribery Scheme
The voting technology company has levied lawsuits against right-wing media outlets for coverage relating to the 2020 election
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AMC Networks Swings to Q2 Net Loss of $29.2 Million, US Ad Revenue Falls 11% on Linear TV Challenges
The company recorded $97 million in impairment charges related to the devaluation of its international business and BBC America
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News Corp. Reports 6% Boost in Q4 Revenue to $2.58 Billion, Touts OpenAI Deal
The media company turned a net loss of $32 million in 2023 into net income of $71 million driven largely by Dow Jones Segment
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Lionsgate Shrinks Q2 Loss to $59 Million Despite Box Office Slips
A TV revenue bump and reduced marketing costs helped mitigate the lack of a “John Wick”-level hit
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LA Mayor Karen Bass Launches Film and TV Task Force to Slow Production Leaving for Other Cities
Efforts out of the city’s inaugural Entertainment Industry Council aim to speed up post-COVID and -strike recovery, Deputy Mayor Rachel Freeman tells TheWrap
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Paramount Global Q2 Net Loss Balloons to $5.4 Billion as Company Takes $5.98 Billion Impairment Charge on Cable Networks
The media giant’s direct-to-consumer division swung to a profit of $26 million as Paramount+ shed 2.8 million subscribers
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Warner Bros. Discovery Stock Plunges Over 11% After Taking $9.1 Billion Impairment Charge on Linear TV Networks
The stock briefly hit a 52-week low of $6.73 per share following its earnings results for the second quarter of 2024
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Disney, Fortnite Set D23 Live Showcase to Reveal Game Updates After $1.5 Billion Investment
Disney Parks, Experiences and Products chairman Josh D’Amaro is sharing big game news this weekend — and players can get a special back bling for tuning in
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Endeavor Looks to Sell OpenBet, IMG Arena Ahead of Silver Lake’s Take-Private Deal
The company reported a net loss of $253.8 million and revenue of $1.75 billion in its second quarter of 2024
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Disney vs. Warner Bros. Discovery: A Tale of 2 Earnings | Analysis
WBD’s $10 billion net loss shocked Wall Street while Disney turned a corner on streaming profitability ahead of schedule
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Warner Bros. Discovery CFO Calls NBA Loss a ‘Triggering Event’ to ‘Reevaluate’ Strategy
However, Gunnar Wiedenfels notes the reevaluation wasn’t “a response to one individual factor”
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Warner Bros. Discovery Q2 Net Loss Widens to $9.99 Billion as Company Records $11.2 Billion in Impairment, Restructuring Charges
The media giant topped 103 million direct-to-consumer subscribers, but the DTC segment posted a $107 million loss for the quarter
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Business
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Paramount Sells ComicBook, PopCulture Sites to Nashville-Based Savage Ventures | Exclusive
This comes after Paramount Global’s newly appointed co-CEOs detailed a plan including $500 million in cost cuts
