Warner Bros. As A Speculative Buy, Merger Or No Merger

Dimitrios Kambouris/Getty Images Entertainment The reaction by Wall Street analysts regarding a possible merger between the two media companies was largely negative. Warner Bros. shares fell 5% on the news. Shares of both Warner Bros. Discovery (NASDAQ:WBD) and Paramount Global (PARA) have performed horribly, with both down over 50% since April 2022. They have been suffering from disappointing theatrical releases, unprofitable (Paramount+) to barely profitable (Max for WBD) streaming businesses and the  ...