How Does One Celebrate Getting Fired By CNN? Photo Op With Nancy Pelosi, Of Course
Portfolio Pulse from Chris Katje
CNN Chairman and CEO Chris Licht has left the network, with Warner Bros. Discovery Inc (NASDAQ:WBD) CEO David Zaslav taking responsibility for his exit. The departure comes amid backlash over CNN's coverage of the Donald Trump Town Hall. WBD shares are down 2.25% to $13.71 on Friday.
June 09, 2023 | 7:19 pm
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NEGATIVE IMPACT
CNN CEO Chris Licht's departure may raise concerns about the future of CNN and the ongoing writer's strike's impact on HBO Max content. WBD shares are down 2.25% to $13.71.
Chris Licht's departure from CNN raises concerns about the network's future and management. Additionally, the ongoing writer's strike may impact original content for HBO Max, which is a key growth driver for Warner Bros. Discovery. These factors contribute to the negative short-term impact on WBD shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100