"CNN Could Be Put Up For Sale - And Ex-CEO Zucker Wants It In 'Ultimate Revenge'" - NY Post; Warner Bros. Discovery Shares Move Higher
Portfolio Pulse from Benzinga Newsdesk
Speculation is growing that Warner Bros. Discovery may sell CNN in the coming year, with former CEO Jeff Zucker emerging as a possible suitor. CNN's ratings and ad revenue have been struggling, and the network is estimated to be worth between $5 billion and $6 billion.
June 22, 2023 | 5:32 pm
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Warner Bros. Discovery may sell CNN, potentially impacting its stock price. The network is estimated to be worth between $5 billion and $6 billion.
The potential sale of CNN by Warner Bros. Discovery could impact its stock price, as the network is estimated to be worth between $5 billion and $6 billion. However, the impact on the stock price will depend on the final sale price and the market's perception of the deal.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100