Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 13, 2025

Article Excerpt

WARNER BROS. DISCOVERY INC., $10.03, Nasdaq symbol WBD, remains a hold. The company took its current form in April 2022 when AT&T Inc. (New York symbol T) merged its WarnerMedia business with Discovery Inc. AT&T investors received 0.241917 shares of WBD as a tax-free distribution for each share they owned. The new firm is a leading producer of entertainment, sports and information programming. This content is available in over 200 countries and 68 languages. Its main brands include Warner Bros. studio (TV shows and movies) and cable TV channels CNN, HBO, TNT, TBS, Cartoon Network, Discovery, HGTV, Food Network, TLC and Animal Planet. WBD now plans to split into two new firms in mid-2026. Global Networks will hold its cable channels, while Streaming & Studios will own the Warner Bros. entertainment production studios and streaming services. The company has not yet announced the details of the breakup. However, it will structure the transaction so investors will not be liable for capital gains taxes until they…