Warner Bros. Discovery (NASDAQ: WBD), formed earlier this year when telecom giant AT&T spun off WarnerMedia and merged it with Discovery, has all the makings of a media giant. The company's stable of intellectual property and assets is formidable: HBO, DC Comics, Warner Bros.' films, linear TV channels including CNN, TBS, TNT, Cartoon Network, HGTV, TLC, Discovery, and many more, and rights to broadcast NBA games all fall under the company's umbrella. Warner Bros. Discovery is also already a major player in streaming.
DALLAS, December 07, 2022--Jeff McElfresh, chief operating officer, AT&T* Inc. (NYSE:T), spoke today at the UBS Global TMT Conference where he provided an update to shareholders.
This has been a tumultuous year for many stocks -- among them, stalwarts AT&T (NYSE: T) and Verizon (NYSE: VZ). Despite those successes, AT&T had to cut its free-cash-flow forecast for the year by $2 billion.