Warner Bros. Discovery CEO David Zaslav says writers, actors strikes need to end as media industry is in a transitional moment

Warner Bros. Discovery CEO David Zaslav said the writers and actors' strikes need to come to an end as the media industry is in a transitional moment.

Earlier this week, Warner Bros. Discovery revised its full-year guidance, and expects earnings to take a hit of up to $500 million assuming the strikes last through the end of the year.The media industry is in a transitional moment — from streaming to traditional TV — and the focus needs to be on ending the writers and actors' strikes,"We're a content company. We're a storytelling company.

"We really have to focus as an industry, and we are, on trying to get this resolved in a way that's really fair."

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