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Why Comcast Sold 5.7 Million BuzzFeed Shares
Comcast has sold more than 5.7 million shares of BuzzFeed in recent days as the stock has jumped amid investor excitement about artificial intelligence-focused deals that the digital media company has struck with Facebook and Instagram parent Meta and OpenAI, the firm behind ChatGPT and DALL-E. In a regulatory filing on Wednesday, Comcast unveiled the sale […]
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Wall Street Has a Cautious Outlook on NBCUniversal After Comcast Earnings
Comcast mostly drew a thumbs-up from Wall Street with its fourth-quarter earnings report Thursday that met or exceeded forecasts in key areas. But analysts remain cautious on the outlook for NBCUniversal amid cord-cutting and streaming investments that have affected many media and entertainment stocks. “We’re Warming on Cable, Still Cold on NBCU,” Wells Fargo analyst […]
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Warner Bros. Discovery Stock Falls After Earnings, But Analysts Take Different Views
Finance experts are divided about Warner Bros. Discovery’s stock, which fell to a new 52-week low on Friday. Several Wall Street analysts on Friday stuck to neutral ratings on it, suggesting investors stay on the sidelines for now as the newly merged entertainment giant works through its integration amid economic challenges. But others recommend the […]
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Warner Bros. Discovery CFO Buys $500,000 in Stock
The stock of Warner Bros. Discovery dropped sharply on Aug. 5 after the recently merged Hollywood conglomerate cut its profit projections and CEO David Zaslav, CFO Gunnar Wiedenfels and their team outlined course corrections to entertainment business strategies pursued by WarnerMedia when it was owned by AT&T. Wiedenfels, who is working with Zaslav and the […]
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