Stock has fallen about 60pc since merger in April 2022
Carrie Coon, Leslie Bibb and Michelle Monaghan in HBO’s ‘The White Lotus’. Photo: Fabio Lovino/HBO
Just three years after arguing that the best way to boost the value of Discovery and Warner Media was to combine their assets, chief executive officer David Zaslav is now saying it is best to split them apart.
The stock has declined about 60pc since that merger was completed in April 2022, wiping some $40bn (€35bn) from the company’s market value.
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