Warner Bros. Discovery to report earnings after loss of key NBA media rights

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Warner Bros. Discovery will report second quarter earnings after the bell. Here's what to know.

) will report second quarter earnings after the bell on Wednesday as the media giant struggles with a declining linear TV business, unfavorable ad market, and1.89 million versus 1.80 million in Q2 2023

"I remain fully confident in our path to achieve our $1 billion-plus EBITDA target for 2025 and our growth ambitions thereafter," Wiedenfels said at the time.The company has struggled in recent quarters, with profits hit by a weak linear advertising environment and pressure on affiliate fees, or the fees pay TV providers pay to network owners to carry their channels.

The company has also committed to aggressive cost cuts, which have helped boost free cash flow. Earlier this summer, the company reportedly laid offEgypt has told its airlines to avoid flying over Iran for a three-hour period on Thursday morning amid fears of an attack on Israel.Investors avoided trendy short-dated equity options and looked to longer-tenor contracts for protection during a meltdown in U.S.

Democratic presidential nominee Kamala Harris has chosen her vice-presidential candidate and he is a midwesterner. In fact, I think Minnesota Gov. Tim Walz might be the midwesterner.The man is a walking Minnesota State Fair; a folk hero, like Paul Bunyan or whoever invented throwing some green beans and a can of cream of mushroom soup in a baking dish, crumpling potato chips on it and calling it a casserole. He is a tater tot hotdish come to life.

 

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