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Warner Bros. Discovery fall 40% in one year (Purchased CNN in 2022) Below excerpt reported by Golum. R. / Bloomberg News. (2024, April 30). Warner Bros. Shares Fall 10% on Report That Comcast Seeks NBA TV Deal. Bloomberg 'Warner Bros. Discovery Inc. shares fell to an all-time low following a report that Comcast Corp. is seeking to replace the company as one of the broadcast partners for the National Basketball Association.' 'Shares of Warner, the parent of the Turner networks and HBO, lost as much as 10% to $7.36 Tuesday, falling to the lowest level since the company was formed by the merger of Discovery Inc. and WarnerMedia in 2022.' 'Walt Disney Co., owner of ESPN and ABC, is the league’s other major TV partner and is expected to pay about $2.6 billion a year to renew its deal, up from about $1.5 billion now, the Journal reported. ' To read full article, click here Image from Warner Bros. Discovery Legal Disclaimer: INFYNIT is providing the content here for educational purposes … Read more