The studio and cable conglomerate that David Zaslav created couldn’t overcome outside forces and massive debt.

More pressing for investors is the need to reconcile Newsmax's lofty valuation. With a current $1.7 billion market ...

A recent round of layoffs at Paramount has affected 3.5% of the company’s US teams, with more cuts still on the table in the ...

NBCUniversal and Warner Bros. Discovery are racing to offload their ailing linear TV channels. But just one of the new ...

Warner Bros. Discovery Inc.'s plan to spin off television channels like CNN, TNT and Food Network from its studio and streaming businesses is causing angst in the bond market, with a big selloff ...

Four years ago, David Zaslav clinched a debt-heavy deal to merge cable mainstay Discovery Inc. — which he’d run since 2006 — ...

Iger emphasized the continued value of the broadcast and cable channels, citing revenue from advertising and subscriber fees.

The veteran correspondent weighs in on Elon Musk’s “recklessness,” Shari Redstone’s “melting ice cube of a company,” and MAGA ...

WBD on Monday confirmed plans to spin off the company's cable networks unit from its streaming and studios business.

Tony Awards celebrated a record-grossing Broadway season with 'Maybe Happy Ending' winning best musical. Darren Criss secured ...

The new Harry, Ron and Hermione have received their Hogwarts admission letters. Dominic McLaughlin will portray The Boy Who Lived, Harry Potter himself. Alastair Stout will play Harry’s best friend ...

Warner Bros. Discovery is restructuring, creating separate entities for its streaming and cable operations to better align with media consumption trends and to strengthen each division's focus.