Free Republic

Key Points Warner Bros. Discovery said it is open to a sale as it expands its strategic review. The company had planned to split into two separate entities and is not abandoning those plans. WBD said it’s received “unsolicited interest” from multiple parties. =============================================================== Warner Bros. Discovery said Tuesday it’s expanding its strategic review of the business and is open to a sale, sending shares of the company 8% higher in premarket trading. Earlier this year, WBD announced plans to split into two separate entities, a streaming and studios business and a global networks business. It’s also been fielding takeout...

The struggling news network is expected to face massive spending cuts by company chief Gunnar Wiedenfels ... CNN staffers are bracing for impact as the network faces yet another corporate restructuring by its parent company Warner Bros. Discovery (WBD), fueling an unsettling morale in the newsroom. "I'd say the mood remains really grim," ... WBD announced that it was splitting into two companies, separating the studios and streaming business from its cable networks ... "We knew this was happening," the CNN staffer said. "And it was required to be able to sell the company. People are hoping CNN will be...

It’s the most busted salary in news. CNN is reportedly paying anchor Anderson Cooper $18 million a year — an eye-popping sum that could be in the crosshairs when the ratings-challenged network is spun off by its debt-ridden parent company. Cooper, the face of the network and host of its primetime show at 8 p.m., has an uncertain future following Monday’s stunning announcement by Warner Bros. Discovery boss David Zaslav about the looming split, according to the Puck newsletter. Zaslav tapped WBD Chief Financial Officer Gunnar Wiedenfels to start looking for ways to cut costs when he takes over CNN...

CNN's left-wing bias may become a thing of the past when it is spun off to Discovery later this year, with the largest shareholder of the network's new owners eager to restore it to impartiality. John Malone, a billionaire Trump donor, is the CEO of Liberty Media, Discovery's largest shareholder. He retains a 25 percent voting share in Discovery, which will take control of WarnerMedia and its assets - including CNN - later this year. With Jeff Zucker gone, that seems more likely than ever. It's unclear which political direction Discovery CEO David Zaslav wants to take the network in....