Faber Report: Future of Warner Bros. Discovery - YouTube - CNBC - 18 July 2024

with David Faber and Jim Cramer Based in New York,Warner Bros. Discovery is a multinational media and entertainment conglomerate broadcasting and streaming to more than 220 countries in 50 languages.*Warner Bros Discovery (WBD)

Greece Racing To Revise Reform Plan;HBO Sees Red Over Leaked Shows

Athens has till Friday to submit a revised economic reform plan to the Euro Working Group of deputy finance ministers.The EWG will meet on 24 April to decide whether Greece will get more emergency funding to stave off default.It was able to make a payment of 450 million euros to the International Monetary Fund last week.Greece needs to present an ambitious reform list in line with its bailout program and start implementing it,European Commission Vice President Valdis Dombravskis said.
Greek finance ministry staff worked over the Orthodox Easter holiday weekend on the difficult negotiations with Greece's international lenders.The EC is still willing to be flexible,but feels that Greece must also step up to the plate with a serious effort to devise a plan.*
HBO is flustered because the first four episodes of the new season of its smash hit series "Game of Thrones" were leaked by a critic who had received advance copies for review.They have subsequently been viewed by more than three million illegal viewers to date.HBO said it is studying this breach of confidentiality.Some are saying they should just release all the shows at once the way Netflix does.
HBO is a division of Time Warner Communications.*
Time Warner Communications (TWX)

Saudi Prince Very Close

Prince Alwaleed bin Sultan,a leading investor in U.S. companies,has been expressing his thoughts about the state of the country he clearly feels deeply involved with.The prince,who will be 55 in March,said he's not sure the U.S. is on the right track.It is down,but not out.Mr.Obama needs more time.He has a tremendous amount on his plate:the deficit,the health care situation,as well as the financial crisis.There are so many issues under the table:Social Security,Medicare-they are time bombs.I'd like to get health care behind us and focus on job growth and the Middle East,Prince Alwaleed remarked.
President Obama has to prove he is as tough as former president George W. Bush was,the prince feels.The U.S. cannot be at all lenient on terrorists.Thank God their latest attempt was prevented.On the other hand,profiling is wrong.Remember Oklahoma City bomber Timothy McVeigh?Are all Oklahomans terrorists?the prince asked rhetorically.
Prince Alwaleed,a slight man with a full head of salt-and-pepper hair,owns 5.7% of NewsCorp,parent of Fox News and The Wall Street Journal.He considers it an alliance.It's a core,strategic investment that will never be sold,he insisted.It's a well-run empire by Rupert Murdoch and son James.Prince Alwaleed also owns stakes in Time Warner Communications and Citigroup.The owner of a stable of fine horses,the prince is more than an investor in the U.S.;his evident passion and knowledge confirms that he is also a close friend of America.