NBA Loss Sinks Warner Bros. Discovery Stock – Bad For Max, Could Hasten Linear Decline, Wall Street Fears

Shares of Warner Bros. Discovery fell about 8% at market open after the NBA’s announcement yesterday of three big rights deals with three WBD rivals, shutting it out of professional basketball. It’s the latest hit to an already depressed stock (changing hands now at below $8) that’s already so low that some on Wall Street […]