New York Post

Warner Bros. Discovery reportedly is slashing 1,000 jobs as the struggling media giant faces calls to sell off assets that include ratings-challenged CNN.

The layoffs, which began earlier this month, will hit the finance, business affairs and production departments and at streaming provider Max, according to entertainment news site Deadline. 

The cuts come during a chaotic period for the David Zaslav-led entertainment company, which last week announced that CNN will chop 100 jobs under a major restructuring by new boss Mark Thompson. 



Since the merger between Warner Bros. and Discovery in 2022 — which brought CNN, HBO, TNT, TBS, Food Network...

Warner Bros. Discovery to lay off nearly 1,000 staffers amid calls from analyst to ‘explore stategic options’

The Motley Fool

The unlikely rally actually makes sense given how much investors were hoping someone would say what was just said.

Why Warner Bros. Discovery Stock Jumped 15% This Week

IndieWire
















Warner Bros. Discovery may have just discovered a way out of its self-made mess.Warner Bros. Discovery to Lay Off Fewer Than 1,000 Staffers in New Round of Job Cuts



Earlier this week, news broke that WBD was cutting just under a thousand (more) jobs. It’s also likely the company will lose its lucrative NBA rights deal in a matter of days. David Zaslav still has $40 billion in debt to pay down from the 2022 merger of WarnerMedia and Discovery; the company’s stock price has sunk 70 percent since then.



One “Barbie” and 91 Emmy nominations for HBO and the newly profitable...

Warner Bros. Discovery May Divorce the WB Studio and Max from TV

The Hollywood Reporter















	Another round of layoffs has hit Warner Bros. Discovery. CNN to Lay Off 100 Staffers as It Preps Major Revamp of Digital Efforts




	Employees in several different groups across the entertainment company have been impacted, including in the finance division, production and in business affairs. A very small number of employees were also laid off from WBD’s streaming service, Max, according to a source familiar with the matter. 




	The layoffs come days after CNN, owned by WBD, announced layoffs of 100 staffers, or 3 percent of its workforce. Those layoffs were positioned as part of a broader reorganization of the cable news channel...

Layoffs Hit Warner Bros. Discovery Again
















Warner Bros. Discovery has entered a new round of layoffs. This time, fewer than 1,000 staffers will see their jobs cut, a person with knowledge of the plan tells IndieWire. It may not quite be four figures, but it’s still sizable.Emmy Nominations 2024: See the Full List



About 1 percent of them — or fewer than 10 employees — will be let go from the company’s core streaming platform Max, we’re told. Other impacted divisions include finance, business affairs, and production, with finance getting it the worst of all.



At this time of this writing, not all impacted staffers had yet to...

Warner Bros. Discovery to Lay Off Fewer Than 1,000 Staffers in New Round of Job Cuts

Blanco, TX

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Brigid Pfeifer

There were a number of celebrities who passed away within the past week, including two notable actresses: Shelley Duvall and Shannen Doherty. Shelley Duvall passed away on Thursday July 11th at her home in Blanco, Texas. The cause of death was complications from diabetes and news of her death was confirmed by her partner Dan Gilroy.

Two Beloved Hollywood Actresses Have Passed Away This Week

Lancaster County, PA

NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Cinemablend

I've seen Beverly Hills Cop: Axel F and believe Netflix should've released this in theaters first.

After Watching Eddie Murphy’s Beverly Hills Cop: Axel F, I’m Convinced Netflix Should’ve Given It A Wide Release In Theaters

Eddie Murphy, comedy legend and prominent Hollywood actor, has revealed the fate of the next installment in the Shrek franchise. He’s also confirmed some shocking news about his departure from the film. Here’s what we know. ‘Shrek 5’ Fate Confirmed and Addressed by Eddie Murphy. According to...

‘Shrek 5’ Future Unveiled: Eddie Murphy Confirms Exit

2024, in many ways, has been a bounce-back year for Disney in theaters, highlighted by the June blockbuster release of Inside Out 2. However, a film with a limited release and a familiar face quietly opened in May and became the studio's worst flop thus far this year. Now, Disney is looking to forget about its minimal theatrical run in hopes of it becoming a splash hit on Disney+.

Disney Announces Early Streaming Release for Its Worst Flop of 2024

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Coral Gables, FL

Edmond Thorne

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office















	Kevin Costner’s period Western Horizon: An American Saga — Chapter 2 won’t be riding into theaters on Aug. 16 after all.Box Office: 'Despicable Me 4' Rules July 4th With $122M Opening, 'MaXXXine' Scares Up $6.7M




	The film is being pulled from the release calendar for now after Horizon: An American Saga — Chapter 1 bit the dust in its theatrical debut late last month. A new date has yet to be announced for the sequel, but a theatrical release is still the intention.




	After numerous discussions, Costner’s Territory Pictures and distribution partner New Line Cinema made the decision to switch up their...

Kevin Costner’s ‘Horizon 2’ Pulled From August Release in Theaters After First Film Flops (Exclusive)

The latest Pirates of the Caribbean project is just days away. Are you ready for a swashbuckling adventure?. It’s been seven years since Walt Disney Studios released Pirates of the Caribbean: Dead Men Tell No Tales (2017). Fans have long hoped for a sixth film to join the ranks of Pirates of the Caribbean: The Curse of the Black Pearl (2003), Pirates of the Caribbean: Dead Man’s Chest (2006), Pirates of the Caribbean: At World’s End (2007), and Pirates of the Caribbean: On Stranger Tides (2011).

Disney Confirms 2024 Release Date for Johnny Depp’s Next ‘Pirates of the Caribbean’

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Hawaiian Electric has tentatively agreed to settle hundreds of lawsuits related to its alleged negligence over the Maui wildfires, according to a Bloomberg report. Its stock jumped on the news. The company would be on the hook for at least $1.5 billion if the deal becomes official, the report said.

Reports of a Wildfire Settlement Deal Have Hawaiian Electric Stock Flying

The Shy Green

Salt Life Beer, a beloved brand synonymous with ocean enthusiasts and craft beer lovers, is facing turbulent times as it files for Chapter 11 bankruptcy. Known for its crisp and refreshing lager inspired by the sea, Salt Life Beer has become a staple for those who cherish the ocean's allure.

Another famous beer brand is going bankrupt and will file for Chapter 11

Shares of Abbott Laboratories (ABT) declined in intraday trading Thursday as the healthcare products maker’s sales of COVID-19 tests slumped with the pandemic ending. The company reported second-quarter adjusted earnings per share (EPS) of $1.14, with revenue rising 4% year-over-year to $10.38 billion. Both beat estimates. The results were...

Abbott Laboratories Posts Big Drop in COVID-19 Testing Revenue

OpenAI announced GPT-4o mini, its "most cost-efficient small model" that could advance the company's position in the artificial intelligence (AI) race. The small model offers more specific capabilities compared to larger models at a lower cost, which could appeal to some customers and better OpenAI's position. OpenAI said GPT-4o mini...

How Microsoft-Backed OpenAI’s ‘Mini’ AI Model Is Heating Up the AI Competition

The number of people applying for unemployment insurance for the first time surged last week, matching the highest number reported so far this year. The Federal Reserve has increasingly focused its attention on the labor market, looking for signs of a spike in unemployment. While the latest unemployment claims figure...

Why News of a Surge in Unemployment Insurance Claims Isn't Cause For Alarm

NewsBreak

Warner Bros. Discovery Stock Rose Friday. Here's Why

Warner Bros. Discovery is considering spinning off or selling its Warner Brothers movie studio and Max streaming service. WBD shares have fallen by roughly two-thirds since...

Warner Bros. Discovery Stock Rose Friday. Here's Why

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