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Shares of Warner Bros. Discovery fell sharply this morning, touching all time lows well under $7 after disappointing quarterly earnings after market close yesterday that included a massive write-down at its networks division. The stock fell to $6.73, a low. It’s trading down more than 12% at $6.76…

Four-time Olympic swimmer Katie Ledecky and two-time Olympic rower Nick Mead have been named as Team USA flag bearers at the closing ceremony of the 2024 Olympics on Sunday. The announcement by the U.S. Olympic and Paralympic Committee (USOPC) comes amid growing excitement around Sunday's ceremony…

Billy Bean, a former Los Angeles Dodger who went on to become the first diversity chief for Major League Baseball, died on Tuesday. He was 60. Major League Baseball said in a statement that the cause was acute myeloid leukemia, but gave no location details. Related…

Harrison Butker spoke to local Kansas City media at training camp today for the first time since his controversial May commencement speech at Benedictine College. Butker became a lightning rod for suggesting that some of its female graduates looked forward to being wives and mothers more than…

The Olympics torch will be passed on Sunday to Los Angeles, which will host the 2028 summer games. But city officials are already deep into planning, and have learned a few things from the Paris events. Complaints about cramped quarters, bad food, limited air conditioning, uncomfortable beds, a lack…

Warner Bros. Discovery is taking a hefty non-cash impairment charge, or write-down, of $9.1 billion at its networks division to align the book value of its linear television business with the reality of uncertain advertising and sports rights renewals as the NBA is set to move on. The value of the…

Watching a hard-fought badminton match between China and Japan, NBCUniversal’s Andrew Siciliano had an urgent off-mic question for his research staff. “Is the winner of a game the first one to 15 or first to 21?” he asked. Papers were shuffled, device screens swiped. As one of two hosts of Gold Zone…

Disney CEO Bob Iger said he sees “tremendous value” in the company’s 11-year rights extension with the NBA despite the significant increase in costs over the previous agreement. Speaking on the company’s fiscal third-quarter earnings call with Wall Street analysts, Iger also addressed potential…

Disney and NBCUniversal are locked in a dispute about how much the former must pay the latter for absorbing the rest of Hulu. Disney late last year paid Comcast's NBCU a previously agreed upon floor price of $8.6 billion and both sides had their own bankers calculating how much more, if any, was…

Disney beat its own timeframe to reach streaming profits in an upbeat June quarter that also saw a big contribution from Inside Out 2. For well over a year, the company’s promised a streaming swing to the black in the 2024 fiscal fourth quarter but nailed it earlier, reporting $47 million in DTC operating…

Algerian boxer Imane Khelif has advanced to the final bout, and she will have a chance to win the gold medal at the 2024 Paris Olympics. On Tuesday night, Khelif won her semi-final match against Janjaem Suwannapheng of Thailand unanimously. Khelif will now compete in the final round of the women’s…

MyKayla Skinner begged Olympics champion, Simon Biles, to ask her followers to stop cyberbullying her following her controversial comments on the U.S. women’s gymnastics team. Skinner took to social media to share a video where she asks Biles to “put a stop” to all the negativity surrounding their…