Advanced Television

David Zaslav

WBD and Paramount in merger talks

Studio giants Warner Bros Discovery (WBD) and Paramount Global are in early merger talks according to reports. A resultant deal would create a company with a market value of some $38bn (€34.7bn). It is understood that WBD President & CEO David Zaslav and Paramount CEO Bob Bakish discussed a possible deal over lunch in New […]

December 21, 2023By Colin Mann

WBD Q3: Revenues slightly up despite DTC sub losses

Warner Bros Discovery (WBD) has reported financial results for the quarter ended September 30th 2023. David Zaslav, President and Chief Executive Officer of WBD, commented: “I am very pleased with the strong financial results that our company delivered in Q3, underscored by 22 per cent growth in Adjusted EBITDA and over $2 billion (€1.87bn) in […]

November 8, 2023

Thompson named CNN chief

Confirming recent reports, Mark Thompson has been appointed Chairman and CEO of CNN Worldwide. He will report to David Zaslav, chief executive officer, Warner Bros Discovery, starting in October. In his new role, Thompson will lead CNN’s strategy, operations and business units, including its global portfolio of networks, channels and programming across broadcast, streaming and […]

August 30, 2023

WBD sheds 1.8m DTC subs in Q2

Warner Bros Discovery (WBD) has reported financial results for the quarter ended June 30th. David Zaslav, President and Chief Executive Officer of WBD, commented: “The important work we are doing to transform our businesses for the future continues to drive our strong financial performance as demonstrated by meaningful improvements to our balance sheet and our […]

August 3, 2023

Licht out at CNN

Chris Licht, CEO of CNN, is out at the news network. The NYT reports he met with WBD chief David Zaslav, who then told staff that Licht was departing immediately. Licht had been handpicked a year ago by Zaslav to steer CNN after the departure of its long-time chief Jeff Zucker. However Licht’s tenure was […]

June 7, 2023

WBD’s Zaslav: “This is a new CNN”

Back at the true beginning of the multichannel era there was MTV, and then there was CNN. CNN’s founder Ted Turner, on the news network’s first day of transmissions in 1980, said that barring satellite problems “we won’t be signing off until the world ends”. He added that the channel would then play the old […]

May 8, 2023

WBD: Streaming bright spot among losses

Warner Bros Discovery (WBD) has reported its Q1 financial results for the quarter ended March 31st 2023. Amid falling revenue and increased losses it has reported a $50 million (€45.3m) operating profit in streaming with nearly 97 million subscribers worldwide. David Zaslav, President and Chief Executive Officer of WBD, commented: “It is an important time […]

May 5, 2023

Warner Bros Discovery Q4 revenues dip

Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2022. David Zaslav, President and Chief Executive Officer of WBD, commented: “With the major restructuring decisions behind us, this year we are focused on building and growing our businesses for the future, and we’re off to a great start. […]

February 24, 2023

WBD nears 95m DTC subs in Q3

Warner Bros Discovery has reported financial results for the quarter ended September 30th 2022. David Zaslav, President and Chief Executive Officer of Warner Bros Discovery, commented: “At Warner Bros Discovery, we have one of the strongest portfolio of assets and IP across sports, news, and entertainment, and the best leadership team in media executing against the […]

November 4, 2022

Combined HBO Max, Discovery+ to launch in 2023

Warner Bros Discovery has revealed further details about its plan to combine SVoD services HBO Max and Discovery+ into one offering. Speaking during the company’s Q2 analyst call, executives said a merged version of the two SVoD services would begin to roll out in the US in the summer of 2023 and expand to other […]

August 5, 2022