Robert Way Investment thesis: Warner Bros. Discovery (NASDAQ:WBD) reported 1Q24 earnings earlier this month. I'm initiating the stock with a buy rating based on two factors I see playing out simultaneously: 1. Consistent debt reduction, and 2. Improving profitability in Warner Bros Discovery's Direct-To-Consumer or DTC segment is an impressive milestone, considering others in the streaming peer group, e.g., Disney (DIS) and Paramount (PARA), struggle to achieve that. I attribute the former to management's d ...

NEW YORK, May 23, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") today announced the pricing terms of the previously announced cash tender offer (the "Tender Offer") by its wholly-owned subsidiaries, Warner Media, LLC, Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each, an "Issuer" and together, the "Issuers") to purchase up to approximately $2.61 billion aggregate purchase price (excluding accrued and unpaid interest, the "Aggregate Tender Cap" ...

NEW YORK, May 23, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") today announced the early results of the previously announced cash tender offer (the "Tender Offer") by its wholly-owned subsidiaries, Warner Media, LLC, Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each, an "Issuer" and together, the "Issuers") for the outstanding notes in the order of priority listed in the table below (together, the "Notes"). The Company also announced that the ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference May 22, 2024 10:40 AM ET Company Participants Gunnar Wiedenfels - Chief Financial Officer Conference Call Participants David Karnovsky - J.P. Morgan David Karnovsky Okay, great. We'll get started. My name is David Karnovsky, I cover media, entertainment and advertising at JPMorgan. Very happy to have back at the conference Gunnar Wiedenfels, Chief Financial Officer of Warner Bros. Disco ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference May 22, 2024 10:40 AM ET Company Participants Gunnar Wiedenfels Gunnar Wiedenfels - Chief Financial Officer Conference Call Participants David Karnovsky - J.P. Morgan David Karnovsky Okay, great. We'll get started. My name is David Karnovsky, I cover media, entertainment and advertising at JPMorgan. Very happy to have back at the conference Gunnar Wiedenfels, Chief Financial Officer of ...

Midea's cold-climate heat pump system can deliver efficient heating and cooling in all American climates, even northern regions during harsh winters. While heat pumps historically have a reputation for underperforming in temperatures below 40 degrees Fahrenheit, in recent lab testing sanctioned by the U.S. Department of Energy as part of its Cold Climate Heat Pump Technology Challenge, Midea's cold-climate heat pump system achieved 118% of rated capacity heating output at -15 degrees Fahrenheit – debunking ...

NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at Rocket Mortgage Fieldhouse on February 19, 2022 in Cleveland, Ohio. Whether it's two people in a marriage or a company and a sports league, it's not easy to break up a 40-year partnership. The National Basketball Association and Warner Bros. Discovery's Turner Sports have been in business together for nearly four decades. The relationship is now in jeopardy, as Comcast's NBCUniversal is attempt ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) MoffettNathanson's Media, Internet & Communications Conference May 15, 2024 1:00 PM ET Company Participants Gerhard Zeiler - President of International Conference Call Participants Robert Fishman - MoffettNathanson Robert Fishman It's Robert Fishman here again, and we are very excited to have a new guest for us and for most here, Gerhard Zeiler at Warner Bros. Discovery. And so instead of me just reading your bio, I thought we'd maybe just kick off with you sharing ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) MoffettNathanson's Media, Internet & Communications Conference May 15, 2024 1:00 PM ET Company Participants Gerhard Zeiler - President of International Conference Call Participants Robert Fishman - MoffettNathanson Robert Fishman It's Robert Fishman here again, and we are very excited to have a new guest for us and for most here, Gerhard Zeiler at Warner Bros. Discovery. And so instead of me just reading your bio, I thought we'd maybe just kick off with you sharing ...

NEW YORK, May 14, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") announced today, in connection with the previously announced cash tender offer (the "Tender Offer") by its wholly-owned subsidiaries Warner Media, LLC ("WML"), Discovery Communications, LLC ("DCL") and WarnerMedia Holdings, Inc. ("WMH" and, together with WML and DCL, the "Issuers"), that the aggregate purchase price of notes described in the table below (the "Notes") that the Issuers intend to pur ...