just a few days ago leadership was targeting 30% of ad sales/$3B in cost savings, but that was before the stock was threatening $11 per share. Given market dynamics beyond Zaslav's control, there is a real possibility we could be looking at lights out for everyone. Not just layoffs, but a full-blown liquidation. I know our friends in the news are still bullish on the companies they represent but the bottom really could be falling out on this 100 year-old industry of centralized media, and that goes for comcast, paramount, netflix, and disney as well.
The times they are a-changing, and rapidly. Don't say you weren't warned.
https://deadline.com/2022/09/warner-bros-discovery-starts-30-trim-of-ad-sales-ranks-as-pursuit-of-3b-in-post-merger-cost-savings-continues-1235118063/