The Latest Breaking News from Warner Bros Discovery

The layoffs cap off what has been a particularly challenging year for the network.

New management outlines a course to cut costs and return to political middle ground, but there may be no easy fix in sight

Just as streaming video services have begun embracing advertising, advertisers are pulling back as the economy weakens.

LOS ANGELES — Warner Bros. Discovery Chief Executive David Zaslav addressed the significant cuts made at the company during the last six months, framing them as part of a fundamental “rethinking and reimagining” of how the media giant works as the entertainment industry endures a period of dramatic transformation.

Calling 2022 a turbulent year for CNN is an understatement.

After Warner Bros. Discovery announced it will incur more than $1 billion in downsizing costs, CNN chief Chris Licht told staff at the news network to prepare for cutbacks.

LOS ANGELES — Warner Bros. Discovery has found its leaders for the DC film and television universe.

James Gunn, the writer-director who revived “The Suicide Squad” and made the “Guardians of the Galaxy” household names for Marvel, will soon be responsible for the future of Batman, Superman and the entire DC Universe for Warner Bros

Warner Bros. Discovery reports that it will incur up to $1.5 billion in costs to shrink the company, cancel programming and provide severance packages to laid-off workers, among other expenses.