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Discovery doesn’t “have to have the NBA.” It appears Wall Street disagrees. TNT has built a programming slate around the NBA games, most notably the highly rated ”Inside the NBA” show. Losing the rights to NBA games could throw aspects of that business partnership into question. Since WBD first began trading on Wall Street in April 2022, the stock has lost roughly 70% of its value. And for Zaslav, whose company is struggling on Wall Street, the battle could not come at a more inopportune time.
Persons: New York CNN — David Zaslav, , WBD, , Joe Flint, Amol Sharma, Isabella Simonetti —, Charles Barkley, Andrew Marchand, Warner, That’s, NBCU’s, I’m, Zaslav, Gunnar Wiedenfels, Wiedenfels ’, Bob Iger, David Ellison’s, Organizations: New York CNN, Warner Bros, NBA, CNN, Industry, WBD, TNT, The Athletic, New York Post, NCAA, MLB, NHL, NASCAR, Disney, Fox Corporation, Netflix, Paramount Global, Wall Locations: New York
Isabella SimonettiIsabella Simonetti is a reporter covering the business of television and streaming as part of The Wall Street Journal's media and marketing bureau in New York. She joined the Journal from the New York Times where she was the David Carr Fellow in Business Reporting. At the Times, Isabella covered breaking business and economics news and wrote a number of enterprise stories on topics ranging from media to personal finance. Previously, Isabella was a media reporter at the New York Observer. Isabella is originally from New York City and is a graduate of the University of Pennsylvania.
Persons: Isabella Simonetti Isabella Simonetti, David Carr, Isabella Organizations: New York Times, Times, New York Observer, University of Pennsylvania Locations: New York, New York City
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