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Time of India
09-06-2025
- Business
- Time of India
Warner Bros Discovery shares surge 8% after it announces splitting streaming from cable TV
Warner Bros Discovery said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN looks to compete better in the streaming era. The breakup announced on Monday is the latest sign of the great unraveling of decades of media consolidation that have created global conglomerates spanning content creation, distribution and in some cases, telecommunications. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homens acima dos 40 anos estão comprando esse óculos militar Óculos Max Saiba Mais Undo It unwinds WarnerMedia and Discovery's 2022 merger, giving the streaming and studios business more room to scale without being weighed down by the declining networks unit. The new streaming-and-studios company will include Warner Bros, DC Studios and HBO Max - the crown jewels of WBD's entertainment library. The networks unit, which will hold up to a 20% stake in its counterpart, will house CNN, TNT Sports and Bleacher Report. Live Events CEO David Zaslav will lead the streaming and studios unit after the breakup, while CFO Gunnar Wiedenfels will head the networks unit. The separation will be structured as a tax-free transaction and is expected to be completed by mid-2026. "By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape," Zaslav said. Majority of the company's debt would be held by the global networks company. WMD had a gross debt of $38 billion as of March. Shares of WBD rose 8% in premarket trading, but the stock remains down nearly 60% since the merger, hurt by cable subscriber loss, tough streaming competition and investor concerns over the debt-laden company's direction. Media executives had initially anticipated a wave of consolidation under the Trump administration, though that has not come to pass. "For a series of reasons, that proved harder than anyone thought," said Jonathan Miller, a veteran media executive who now serves as chief executive of Integrated Media. "It looks like the characteristic of this year will be how do we get our house in order, and do what we can that's under our control." Comcast is spinning off most of its NBCUniversal cable networks portfolio into a separate company, Versant. Lions Gate Entertainment completed the separation of its Starz cable network from its film and television studio in May. Brian Wieser, CEO of Madison and Wall, an advisory firm for media, technology and other companies, said the split won't fix the underlying weakness of Warner Bros Discovery's business. "If anything, (it) could make them worse off by favoring financial engineering over focusing on improving existing operations or pursuing new opportunities for growth given the way in which a deal like this can hamstring both sides of the company until the transactions are closed," said Wieser. Last week, about 59% of WBD shareholders voted against executive pay packages, including Zaslav's $51.9 million 2024 compensation, at the annual shareholder meeting, in a symbolic criticism of the company's leadership. Like other entertainment companies, Warner Bros Discovery is struggling with declining ratings and revenue at its cable networks, as consumers abandon their pay-television subscriptions in favor of streaming services. "WBD is a hotchpotch of businesses which have failed to win over the market. (With the split) Warner Bros has a better chance to gain broader investor interest and focus management on fewer things," said AJ Bell analyst Dan Coatsworth. WBD had laid the groundwork for a sale or spin-off of its declining cable TV assets in December by announcing a separation from its streaming and studio operations. The split comes as WBD tries to position its streaming service as a premium destination with titles such as "The Last of Us" and "Hacks," after initially betting that a blend of HBO dramas and Discovery's lifestyle content would broaden its appeal. It revived the HBO Max branding last month to aid the global expansion of its streamer that had about 122 million subscribers as of March and expects its subscriber base to exceed 150 million by the end of 2026. That would still trail Netflix's more than 300 million subscribers and the combined 181 million subscribers of Disney+ and Hulu. MORE DEALS Some analysts said the breakup could set the stage for more deals in the media sector, pointing to Comcast's plan to spin off most of its cable networks, including MSNBC and CNBC. "The outlook for the cable network business broadly is pretty ugly and I assume there will be consolidation there," said Jeff Wlodarczak, analyst at Pivotal Research Group. He said WBD's cable networks could be a logical fit for Comcast's upcoming cable spinoff, while its streaming and studios business might combine with another player such as Comcast's Peacock. Any merger will require approval from Trump administration's antitrust regulators who have signaled they intend to focus on mergers that lower competition in ways that harm consumers or workers. Zaslav has said he expects a more deal-friendly environment under a Trump administration. But during his first term, Trump repeatedly attacked CNN, and his Department of Justice moved to block the AT&T-Time Warner merger. WBD said on Monday it secured a $17.5 billion bridge loan from J.P. Morgan that it would use to restructure its debt. J.P. Morgan and Evercore are advising WBD on the deal, while Kirkland & Ellis is serving as legal counsel.
Time of India
02-06-2025
- Automotive
- Time of India
One Side Of Mankapur RoB Closed For Repair, Traffic Cops Don't Know
1 2 Nagpur: A contractor appointed by the National Highway Authority of India (NHAI), responsible for the maintenance of Mankapur flyover, has closed one side of the flyover to repair cracks that surfaced more than a month ago. The contractor has not taken permission from the traffic department to close one side (Katol to Nagpur) of the flyover, said sources. The repairs will take 100 days. The contractor's move to stop traffic movement by closing one side of the flyover without the nod of traffic department has irked cops as well as citizens, who fear that taking such steps without proper permission can lead to accidents. The closure led to a massive traffic jam on the flyover as one side is accommodating two-way traffic, and the road below the flyover is already narrow. The Mankapur flyover, built on National Highway 69 as part of the Nagpur-Betul road widening project, has developed cracks for the second time. TOI had reported that cracks have appeared on the flyover and that the contractor has closed a part of the flyover for repair work, but traffic movement was continuing. At that time, the contractor had not taken permission to carry out the work. ACP (traffic) Madhuri Bawiskar said that the contractor has not taken permission from the traffic department to close one side of the flyover. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Conheça o óculos militar que os homens 40+ querem Óculos Max Saiba Mais Undo "We will now call NHAI officials and the contractor, and ask how can they close one side of the flyover for traffic movement without taking permission from traffic police," said the official. A senior NHAI official confirmed that the contractor is yet to receive permission from the traffic department. "The contractor has applied for the permission and is likely to get it soon. The repair work will take around 100 days, during which one side of the flyover will remain closed," said the official. Sources in the NHAI said that after the cracks were spotted, an inspection was carried out. "The contractor initially wanted to repair the cracks but will now completely replace the 25 to 30-metre span. The repairs would have decreased the strength of the flyover, which is why the span is being replaced," said NHAI sources. The flyover, built as part of the Rs1,800 crore Nagpur-Betul Project, was opened in 2014. The flyover is supposed to be maintained until 2032 by the contractor who built it.
Time of India
02-06-2025
- Politics
- Time of India
Jenu Kuruba leaders refuse to call Nagarahole a tiger reserve
Mysuru: Jenu Kuruba tribal leaders from Karadikallu Atturu Kolli Haadi inside the Nagarahole Tiger Reserve in Ponnampet taluk of Kodagu district said on Monday that they will never call Nagarahole a tiger reserve. This is not a tiger reserve. It is just Nagarahole. We were forcibly moved out of our soil in the name of forest-tiger protection, Shivu JA, JK Timma, and Shivamma said. Speaking at a press meet organised by the Nagarahole Indigenous Land Assertion Committee, People's Union for Civil Liberties (PUCL), and Communities Network Against Protected Areas (CNAPA), they alleged that those who don't know anything about the forest are encroaching on the forests in the name of conservation. Shivu stated that all the 52 Jenu Kuruba families now staying in their ancestral land are happy with what is available inside the forest now. "For decades, we were made to struggle in the lane houses," he said. He alleged that forest department officials misused the provisions of the law to displace them. Timma recollected his experience with a tiger conservation project where he demonstrated his understanding of the forest. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homens acima dos 40 anos estão comprando esse óculos militar Óculos Max Saiba Mais Undo "Unfortunately, those who don't know anything about the forest and wild animals are allowed to encroach on the forests while those who know the forest are sent out of the forests," he charged. He alleged that the tiger conservation projects resulted in the death of tigers. Shivamma urged govt agencies not to displace them as they are leading a real life in their own hamlets. Nitin Rai, an independent scholar who has looked at the socio-ecological impacts of wildlife conservation, and Pranab Doley, a community leader from the Mising community, Kaziranga, Assam, and convener of the Greater Kaziranga Land and Human Rights Committee, who is also the founding member of CNAPA, spoke during the press meet. Rai alleged that govt agencies are misusing the increase in the number of tigers to dilute the forest laws for the benefit of mining and other activities.
Time of India
02-06-2025
- Sport
- Time of India
Preity Zinta's epic 'Punjabi aa gaye oye' shoutout will give you goosebumps ahead of IPL 2025 Final
Preity Zinta and Shreyas Iyer) (BCCI/IPL Photo) NEW DELHI: Punjab Kings stormed into the IPL 2025 final with a thrilling five-wicket win over five-time champions Mumbai Indians in Qualifier 2, powered by a sensational unbeaten 87 off 41 balls from skipper Shreyas Iyer . As the 18th edition of the Indian Premier League nears its conclusion, a new champion is guaranteed. PBKS, playing their first final since 2014, will now take on four-time finalists Royal Challengers Bengaluru on Tuesday, June 3. Following Punjab's memorable victory, franchise co-owner Preity Zinta took to social media to celebrate the moment. "Wow what a win. Punjabi aa gaye oye," she posted, capturing the mood of jubilant fans. Set a target of 204, Punjab's chase was set up early by Josh Inglis, who smashed 38 off 21 balls, including a 20-run over off Jasprit Bumrah. The foundation allowed Iyer and Nehal Wadhera (48 off 29 balls) to stitch together a crucial 84-run stand in just 7.5 overs, putting PBKS within striking distance. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! Iyer finished the job in style with an over to spare, peppering the innings with eight towering sixes. Earlier, Mumbai Indians, after being asked to bat, posted a competitive 203/6. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homens acima dos 40 anos estão comprando esse óculos militar Óculos Max Saiba Mais Undo Tilak Varma and Suryakumar Yadav scored 44 runs apiece, anchoring the innings after Jonny Bairstow (38 off 24) had given them a brisk start post Rohit Sharma's early dismissal for 8. IPL 2025 Final, RCB vs Punjab Kings: The wait will finally end in Ahmedabad Tilak added 51 with Bairstow and another 72 with Suryakumar to stabilize the innings, while Naman Dhir chipped in with a vital 37 off 18 balls at the death. Among the wicket-takers for Punjab were Yuzvendra Chahal (1/39 in 4), Vyshak Vijaykumar (1/30 in 3), and Kyle Jamieson (1/30 in 4), each playing a key role in limiting MI to a chaseable total.
Time of India
02-06-2025
- Entertainment
- Time of India
Ahead of IPL 2025 final, Salman Khan's 11-year-old tweet for Preity Zinta's cricket team goes viral
The 2025 Indian Premier League season has not only brought thrilling cricket but also a nostalgic social media moment that captured fans' imagination. As Punjab Kings secured a dramatic win over Mumbai Indians to enter the IPL final, an 11-year-old tweet by Bollywood superstar Salman Khan resurfaced and went viral. The tweet, originally posted in 2014, asked, "Zinta's team won kya?" — referring to PBKS co-owned by actress Preity Zinta — perfectly captured the excitement around the team's performance this season. After the win, PBKS's official social media handle responded to Salman Khan's tweet, adding fuel to the online buzz and delighting fans across platforms. — BeingSalmanKhan (@BeingSalmanKhan) Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homens acima dos 40 anos estão comprando esse óculos militar Óculos Max Saiba Mais Undo Punjab Kings' win in Ahmedabad was notable not only for the result but for the manner in which it was achieved. Chasing a target of 204 runs, PBKS reached their goal with six balls remaining at the Narendra Modi Stadium, the world's largest cricket venue. This victory marks PBKS's second IPL final appearance, their first since 2014, and sets up a final against Royal Challengers Bangalore (RCB). Both teams are still seeking their maiden IPL championship in the tournament's 18th edition. Shreyas Iyer's Captain's Knock Seals the Deal PBKS skipper Shreyas Iyer led the chase with an unbeaten 87 runs off 41 balls, including five fours and eight sixes. His aggressive yet composed innings was crucial, especially his dominant hitting against England pacer Reece Topley, where he struck three consecutive sixes in the 13th and 14th overs. Iyer praised the pressure of big games, stating, 'I love such big occasions. I always remind myself and my teammates that the bigger the occasion, the calmer you should be to achieve great results.' His partnership with Nehal Wadhera, who scored 48, helped shift momentum decisively in PBKS's favour. Mumbai Indians batted first and posted 203 runs for six wickets despite losing key players early, including veteran opener Rohit Sharma. Notable performances came from Jonny Bairstow (38) and Tilak Varma (44), who built vital partnerships to set a challenging target. Mumbai skipper Hardik Pandya acknowledged Iyer's excellent batting, saying, 'The way Shreyas batted, took his chances, and played some outstanding shots. They were really calm, put us under pressure, and we couldn't execute our plans as intended.' Social Media Reacts to the Viral Tweet Fans and followers of the IPL rejoiced in the viral comeback of Salman Khan's tweet. Many viewed it as a good luck charm for PBKS, sharing memes and urging the superstar to attend the final. Comments ranged from calls to 'Bring him to the final,' to expressions of awe at how well the tweet has aged. The PBKS social media team cleverly used the opportunity to connect past and present, adding to the tournament's vibrant atmosphere. With PBKS and RCB both chasing their first IPL title, the upcoming final promises to be a historic encounter.
