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Warner Bros Discovery bondholders approve debt deal as break-up looms
WBD has been plagued by a heavy debt load that has helped send its shares down more than 60 per cent since the merger of Time Warner and Discovery closed three years ago. Its market capitalisation now stands at $25bn, though its debt burden is about one-third lower than the $55bn load it carried when the deal closed in 2022.
Warner Bros. Discovery shareholders voted against the 2024 pay packages of CEO David Zaslav and other top execs in a symbolic ...
Warner Bros. Discovery's split will put CNN under new leadership, with forecasts of staff cuts and salary reductions as the network battles historic low ratings.
A majority of shareholders nixed Zaslav’s $51.9 million compensation package for 2024 in a symbolic “say-on-pay” ballot.
The board had recommended shareholders to vote in favor of the 2024 executive compensation; however, more than 59% of them ...
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