What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
Publishing timestamp: 2023-11-10 08:46:48
Summary
The article discusses how Warner Bros. Discovery is preparing to be an acquirer in the next 12 to 24 months by paying down debt and increasing cash flow. The company is looking at distressed assets as potential targets for acquisition. The article also mentions the struggles and declining valuations in the media industry, as well as the potential for regulatory relief and further consolidation in the future.
Sentiment: MIXED
Tickers: CMCSA, SIRI, FWONA, WBD, PARA,
Keywords: paramount global, business, breaking news: business, entertainment, comcast corp, warner bros discovery inc, liberty media corp, business news, media, technology, sirius xm holdings inc,
Source: https://www.cnbc.com/2023/11/09/zaslav-malone-wbd-next-move.html