Since the merger between Warner Bros. and Discovery in 2022 — which brought CNN, HBO, TNT, TBS, Food Network and movie studio Warner Bros. under one roof — that company's stock has plunged 67%. WBD faces financial headwinds at its linear business, a soft advertising environment and from last year's Hollywood strikes. It also is on the verge of losing its long-running NBA media rights to Amazon and NBC. That could allow its streaming service and studio assets to grow as a standalone company. The company is a ...