☀️WBD Q3: Movies Can’t Save Terrible Linear TV Biz

WBD falls to a net loss as cable money evaporates - a look at the 3-year WBD 💰changes says it all

Welcome back for a Wakeup Lunch Hour edition, order what ya like — Zaz is buying, and it’s time we talk about WBD.

Wall Street may be 🤷‍♂️ on the Q3 WBD earnings report (the stock is essentially flat so far today) — but given the future dealmaking status at the company . . . any news on that front is the only thing that’s going to move WBD stock at this point.

As for the numbers — outside of the huge quarter in movies — Q3 was not good at WBD.

Come join for a #medianerd🤓 dive into the key numbers to look at, and more importantly — the key 💰 comps over time across the various business sectors, plus how the state of things relates to what’s generally thought to be the main parties in line for the sale at this stage.