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Warner Bros. Discovery Stock Rises as John Malone Advises CEO Zaslav
Warner Bros. Discovery Stock Rises as John Malone Advises CEO Zaslav
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BTCCSquare news:
Warner Bros. Discovery (WBD) shares climbed nearly 3.5% following reports that CEO David Zaslav enlisted his former mentor, John Malone, as an advisor. Malone's influence is already evident, having restructured Zaslav's compensation to align with shareholder interests—prioritizing long-term wealth generation while mitigating public backlash over executive pay.
Malone didn't shy from critique, singling out CNN as a diminished version of its original vision, with employees "expressing opinions too much in their news." Meanwhile, Warner's partnership with AEW gains momentum, with plans to stream pay-per-view events on HBO Max underway.
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