Warner Bros. Discovery Stock Jumps After Renewed Distribution Deal With Charter

Key Takeaways Warner Bros. Discovery shares surged after the entertainment giant renewed its distribution deal with Charter Communications. The agreement increases the fees Charter will pay to carry certain Warner Bros. TV channels and maintains stable fees for TNT. Executives reportedly believe the deal could provide leverage as Warner Bros. Discovery negotiates renewals with other pay TV providers. Warner Bros. Discovery (WBD) shares soared 10% on Thursday, the top performance in the S&P 500, after the en ...