Since its creation as a result of the merger of WarnerMedia and Discovery in 2022, WBD has struggled with serious financial problems. Since then, the share price has fallen by almost 70%. That is why CEO David Zaslav and CFO Gunnar Wiedenfels are considering solutions to reverse this negative trend.
One option was to separate the declining television arm from streaming and the film studio. However, as reported by the Financial Times, this is not being taken into account at the moment, as it seems that the giant’s “breakup” would lead to several lawsuits from investors and would major difficulty accessing Warner Bros Discovery content on various platforms.
TVN can change its owner. “Getting rid of smaller assets”
Instead, Zaslav and Wiedenfels are said to be seriously considering divesting smaller assets. This mainly concerns the Polish television channel TVN and the gaming arm of the American giant. The management of WBD hopes that investors will go favorably to the company’s changes, which will lead to a market capitalization of about $ 25. now equal to 7.88 stocks of US dollars.
Read also: Layoffs at TVN owner. 1,000 people will lose their jobs
A WBD spokesperson declined to comment on this matter to the Financial Times. The company is expected to report its quarterly financial results on Wednesday.
TVN has been part of the American Discovery group since 2018. Four years later, as a result of a merger, it became part of Warner Bros. Search. In addition to the television business – which includes, among others, the stations TVN, TVN24 and TVN Siedem, but also eg Eurosport and Discovery – WBD in Poland also runs streaming platforms Max and Player.
2024-08-06 14:15:29
#TVN #change #owner #Americans #selling #Polish #station
