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Warner Bros. Discovery CEO David Zaslav saw pay jump to $50M despite company's continued losses

The rise in pay was partly related to the loss-making media conglomerate's decision to align its executive compensation to focus more on debt reduction and free cash flow.

CNN boss Mark Thompson says network faces 'existential crisis,' plans eventual switch away from cable TV

Sir Mark Thompson told Financial Times that the network is facing an "existential" threat posed by viewers' exodus away from traditional TV.

'The Batman' plot wasn't stolen as judge hits writer who sued with copyright infringement

Christopher Wozniak claimed he was "stunned" to learn that "The Batman" was a near copy of his "The Ultimate Riddle."

Former Apple exec to lead new sports streaming service from ESPN, Fox, Warner Bros. Discovery

Pete Distad will run the yet-to be named new venture, which is expected to debut in the fall.

Warner Bros. Discovery halts merger talks with Paramount Global: report

Paramount Global's list of potential suitors shrank Tuesday after Warner Bros. Discovery reportedly said it is no longer pursuing merger talks with the struggling media giant.

Warner Bros. Discovery stock plunges as movie flops 'The Color Purple,' 'Aquaman' sink earnings

Warner Bros. Discovery on Friday reported worse-than-expected quarterly earnings -- due in large part to box office flops from its movie studio -- sending the media giant's shares plummeting 10%....

'Big Short' investor Michael Burry bets on CNN parent Warner Bros. Discovery, restaurant firms

Other new additions included restaurant software company Toast Inc., discount retail chain Big Lots and Gen Restaurant Group.

CNN's 'King Charles' with Charles Barkley, Gayle King is a ratings 'disaster'

Repeats of "South Park," which aired at 2:30 a.m. on Comedy Central, as well as "Seinfeld" and "Everybody Loves Raymond" also outdid "King Charles" in the ratings, according to Nielsen...

Shari Redstone launches auction of Paramount Global's holding company: sources

Shari Redstone is launching a formal auction of National Amusements, the holding company that controls struggling media giant Paramount Global, The Post has learned.

Media execs predict what's in store for 2024: Bob Iger at Disney, Linda Yaccarino at X and more

Thirteen media executives anonymously told CNBC what they think will be among the industry's biggest moves in 2024 -- and it could be a bumpy ride for some well-known industry...

Warner Bros. Discovery eyes merger with Paramount Global: reports

Debt-ridden media giant Paramount Global held merger talks with Warner Bros. Discovery, according to multiple reports Wednesday.

Warner Bros. Discovery CEO David Zaslav says ousted ex-CNN boss Chris Licht could return to company

Zaslav praised Licht as a "great guy" and "talented guy" during an on-stage interview at The New York Times' DealBook summit on Wednesday.

Warner Bros Discovery warns about 'real risk' in Hollywood after strikes' financial hit

Chief Executive David Zaslav said the company saw its lightest original content slate in years and had to delay some releases, leading to a drop in third-quarter streaming subscriber numbers.

Jeff Zucker says his company would consider buying CNN: 'Fantastic asset'

“Some day if it were available, like any other great asset, we would look at it,” Zucker, who spent nearly a decade at CNN after rising the corporate ranks at...

The bidder to watch for College Football Playoff rights

ESPN and Fox Sports are still the favorites because they own much of college football’s regular season.

CNN posts lowest weekend ratings in key demo in its recorded history

Ratings-challenged CNN hit rock bottom in a key viewership demographic last weekend -- another sign of the difficulties facing incoming boss Mark Thompson.

Elon Musk's brother Kimbal once bit off a hunk of flesh from mogul's hand during fight at startup: book

According to author Walter Isaacson, Kimbal Musk bit Elon Musk's hand because he thought his brother was about to punch him in the face.

Warner Bros. Discovery reportedly to offer live sports for free on Max

Customers will need to pay an added cost for sports on the platform starting next year, Bloomberg reported, citing people familiar with the matter.

Warner Bros. warns of profit hit of up to $500M over Hollywood strikes

Warner Bros Discovery is bracing for a hit to its full-year profit as the ongoing Hollywood actors and writers strike shows no signs of let-up.

CNN's new boss warns industry 'approaching peak disruption' as staffers complain 'morale is in the sh-tter'

Thompson fired off a memo to CNN's 4,000-strong workforce on Wednesday in which he described the challenges facing the network.