Nolte: Warner Bros. Discovery Credit Rating Downgraded to Junk
Warner Bros. Discovery’s credit rating is now junk, and it is all due to people cutting the cable TV cord.

Warner Bros. Discovery’s credit rating is now junk, and it is all due to people cutting the cable TV cord.
The only thing dying faster than cable television is CNN, a far-left propaganda cable channel that spreads misinformation and violence against Jews.
Warner Bros. announced a new round of layoffs in the double-digits on Wednesday as the company makes cuts across linear cable groups.
Major Hollywood studios –Netflix, Disney, Warner Bros. Discovery, Paramount, and Comcast — saw their stocks slide as early Monday morning trading began, just hours after President Donald Trump said his administration will begin imposing a 100 percent tariff “on any and all” foreign films coming into the United States because, as he said, “The Movie Industry in American is DYING a very fast death.”
Cable networks like CNN were once the key assets in the entertainment world. Now they have become toxic, which is why Comcast unloaded them last month and Warner Bros. Discovery (WBD) is now looking to do the same.
Venu is nothing less than a monopoly, a wolf in sheep’s clothing to force streaming outlets to recreate the horrors of the CSTV bundle, which means you and I pay for dozens of networks we never watch.
All of these media companies are struggling, and the primary reason is the death of cable/satellite TV.
Joining so many other services in the era of Bidenomics, Warner Bros. Discovery is hiking the subscription rates for its Max streaming service.
Viewers continue to flee CNN and other networks owned by Warner Bros. Discovery in droves, pushing down advertising revenue in what has become a non-stop free fall for the cable TV industry.
An all-new Lord of the Rings franchise is coming, per Warner Bros. Discovery CEO David Zaslav.
In liberal Hollywood, the rich got richer while just about everyone else got poorer — or got laid off.
Warner Bros. Discovery CEO David Zaslav just got a whole lot richer, receiving a nearly 27 percent pay raise last year while overseeing mass layoffs at the media conglomerate.
Two Warner Bros. Discovery executives have resigned from the Board of Directors after the DOJ told them they were under investigation.
Cartoon Network — whose animated programming caters primarily to children and young viewers — has publicly voiced support for the “Transgender Day of Visibility,” which took over Easter Sunday this year. In a celebratory Instagram post, the network offered adulation to what it called its “transgender and gender non-conforming family.”
Shocking revelations about the toxic culture of iconic children’s television shows in the 1990s and early 2000s at Nickelodeon and executive Dan Schneider were unearthed in Investigation Discovery’s Quiet on Set: The Dark Side of Kids TV, which debuted on March 17.
Antitrust experts are raising alarm bells as entertainment giant Disney aims to control over 80 percent of nationally broadcast sporting events through joint venture with Fox and Warner. The CEO of competing platform Fubo says that Disney “has consistently engaged in anticompetitive practices that aim to monopolize the market, stifle any form of competition, create higher pricing for subscribers and cheat consumers from deserved choice.”
Warner Bros. Discovery, Inc., the parent company of the Discovery Channel, appeared to express remorse in a letter to members of Congress made public on Thursday about its decision to co-produce a travel program with Chinese state media focused on occupied East Turkistan, where the Communist Party has been engaging in genocidal activities since at least 2017.
Warner Bros. Discovery — the parent company of CNN, Warner Bros., HBO, and numerous other media properties — is getting hammered by weak TV advertising, causing its earnings to fall short of expectations and its stock to plunge as investors worry about the media giant’s financial prospects.
FuboTV — the sports-oriented streaming service — is suing to stop Disney, Fox, and Warner Bros. Discovery from creating a rival service that would combine the three Hollywood studios’ formidable sports programming into one mega-streaming package.
In January, Warner Bros. Discovery announced the shelving of Coyote vs. Acme, a $70 million Looney Tunes movie.
Hollywood is joining the growing advertiser boycott of X, formerly known as Twitter — with four of the top five major studios pulling their ads from the platform in response to the growing amount of antisemitic content as well as owner Elon Musk’s expressing agreement with an antisemitic post.
Executives at Warner Bros. Discovery are reportedly swinging the ax again, with HBO personnel hit hardest by layoffs.
Warner Bros. Discovery, the parent company of the ratings-challenged CNN, saw its advertising revenue plummet 13 percent in the most recent quarter.
Insecure launched on Netflix as part of a new licensing deal with Warner Bros. Discovery, which owns HBO.
Saudi Crown Prince Mohammed bin Salman boasted in an interview with the Discovery Channel this week that his flagship infrastructure project, the future city of Neom, will “compete with Miami” and help “create a new civilization for tomorrow.”
According to one box office analyst, The Flash could end up costing Warner Bros. Discovery (WBD) a $150 million loss.
Turner Classic Movies died years ago, and that’s the shame and not what’s happening today to the husk of what once was.
Amid growing speculation that Warner Bros. Discovery may sell CNN in the coming year, sources told the New York Post that former CNN CEO Jeff Zucker is “likely” to make a bid to purchase the network.
Warner Bros. Discovery is sponsoring a gay film festival this summer that will celebrate what it is calling “queer childhood,” with a special drag queen story hour event for children.
Cartoon Network’s’ “We Baby Bears” animated series has introduced characters who are gender “non-binary” and use “they/them” pronouns, making it the latest show to promote gender non-conformity in children.
Looney Tunes — the classic children’s animated brand from Warner Bros. — is celebrating Pride Month by encouraging people to dress up as drag queens.
Students at Boston University overwhelmingly booed Warner Bros. Discovery CEO David Zaslav on Sunday during his 2023 graduation commencement speech.
The Writers Guild of America (WGA) is planning to picket Warner Bros. Discovery president and CEO David Zaslav’s commencement speech at Boston University on May 21.
Justin Roiland, co-creator of the popular “Rick and Morty” animated series, has been accused of abusing a woman he was dating in 2020, according to reports.
If you subscribed to HBO Max to gain full access to the Warner Bros. library, all I can say is Sucka!
Hollywood went whole-hog for Joe Biden in 2020, with celebrities, entertainment executives, and network news divisions working overtime to stump for the candidate. Now the industry is feeling the consequences of its actions as advertising revenue is cratering across the board as a result of consumer fears tied to Bidenflation and the prospect of a prolonged recession.
Following an outcry from Hollywood’s woke diversity mob, Warner Bros. Discovery has reportedly reversed its decision to shut down an internal division devoted to fostering minority TV writing and directing talent.
The cost-cutting at Warner Bros. Discovery continued on Tuesday, with the latest casualty being a long-running TV workshop devoted to fostering diversity, according to multiple reports.
By way of HBO Max, Warner Bros. Discovery is desecrating iconic art by removing cigarettes from classic movie posters.
Transgender “Batgirl” star Ivory Aquino has launched a last-ditch effort to save the $90 million superhero movie from the dustbin of history, urging Warner Bros. Discovery CEO David Zaslav to release the title that the studio deemed “irredeemable” and has permanently shelved.