and warner brothers discovery not much better there.e with more with that story is the man on the case who is our media reporter alex sherman. this was maybe met with skepticism early on anyways, but it seemed promising at one point. what gives, why happened, why did it fall apart? >> yeah, so there's strategic logic to putting media companies together in terms of you're able to take out a lot of costs from the business. this was the playbook that warner media and discovery ran, pushing those two companies together. you take a look at that deal, though, and the stock has fallen 45% plus in the past year. 60% to 70% if you push it back to when those two companies came together. so while there is and always has been a strategic logic to pushing two medias together from a cost eradication standpoint, if you look back at all of the recent mega media deals, so vie viacom or at&t buying time warner, there has been a colossal loss of value in all of those deals. so you're looking at two companies, paramount and warner brothers, both trading ne

fue un partido estupendo, warner. - bien hecho. - gracias.a perfecta. vamos a ganar esto ahora mismo, vamos a ganarlo, vamos. [relata en inglés] [relata en inglés] [narrador] la esperanza de un jugador. el lanzamiento de anotación de kurt warner en el super bowl de 1999 - 2000 rompió el récord de yardas de pases de joe montana en el super bowl. fue nombrado mdp del partido. la temporada de 1999 de los rams, conocida como: "el partido en el campo" sigue considerándose una de las mayores historias de superación de la historia del deporte. kurt fue titular en dos super bowl más. en 2001 con los rams y en 2009 con los cardinals. jugó durante 12 temporadas en la nfl. kurt fue incluido en el salón de la fama del fútbol profesional en 2017. está considerado como el mejor jugador no reclutado de la nfl de todos los tiempos. kurt y su padre, gene, volvieron a comunicarse y están más cerca que nunca. gene es el mayor fan de kurt. kurt y brenda están felizmente casados hasta el día de hoy. tienen 7 hijos. zack sigue desafiando todos los pronósticos. [mú

so whereas warner bros.ay, the melting ice cube of -- in disney, half of their revenue comes from parks. so you are sort of hedged, one can be working in one canopy. you don't have all your eggs in one basket. okay so, doug give me the best case scenario and wbtv? >> yeah so, i can give you a -- one a and one b, in terms of how to address content libraries the best. content creation engines. warner has -- been but, disney's two x -- and i think even if you were to say part of the businesses worth the -- i think disney's content is still selling at a premium to warner. 's warner has said that they're gonna get their -- billion dollars next year, they are the only major company to put out tc earnings target of more to break even. and i think that speaks to the strength of their product. they are also in the middle of leveraging. and as they do you leverage the balance sheet, the value increases very frequently. >> okay laura. so, what if i tried to make this a bear fight, in a way? because sometimes the answer

warner. mr. warnock. ms. warren. mr. welch. mr. whitehouse. mr. wicker. mr. wyden. mr. young. the presiding officer: senators voting in the affirmative, lee, marshall and paul. senators voting in the negative, butler, cantwell, collins, cortez-masto, hassan, heinrich, kelly, king, ossoff, padilla, sinema, smith, warnock and whitehouse. ms. murkowski, no. mr. graham, no. mr. durbin, no. the clerk: mr. schmitt, aye. the clerk: mr. graham, aye. mr. tester, no. ms. baldwin, no. mrs. blackburn, aye. the clerk: mr. kaine, no. the clerk: mr. schumer is no. mr. rounds, no. mr. peters, no. mrs. shaheen, no. the clerk: mr. grassley, aye. mr. casey, no. ms. klobuchar, no. mrs. capito, aye. the clerk: mr. schatz, no. the clerk: mr. reed, no. the clerk: ms. stabenow, no. mrs. murray, no. the clerk: mr. tuberville, aye. mr. scott of florida, aye. mr. boozman, aye. the clerk: mr. ricketts, aye. ms. warren, no. mrs. hyde-smith, aye. the clerk: mr. braun, aye. mr. crapo, aye. the clerk: mr. rubio, aye. mr. blumenthal, no. ms. rosen, no. the clerk: mrs. fischer, aye. the clerk: mr. cotton, aye.

that means that warner brothers discovery has the most to lose if the bundle drives cord cutting.ng how david zaslav talks about the importance of nba rights when that company reports earnings that is friday morning. tyler? >> i have noticed just incidentally, julia, that i tend to see david zaslav at a lot of nba games lately. he's been at a lot of knicks games and the lakers game. i don't know if he was there over the week, i didn't see him. at any rate, that would tell you that he is really interested in what happens with the nba and as you point out, they are the rare one. fox has the nfl. espn has the nfl. >> yeah, and look, david zaslav has said he really understands the value of the nba. the question is, though, how much more he and the other media giants are going to have to pay to secure those nba rights especially if you consider the fact that we have a big tech giant at play here, as well if you look at apple or amazon, prime video or even youtube, are those companies going to be offering a lot of money for the nba rights. how much does that drive up the price tag for t

trying to get away , not getting away from fred warner. >> fred warner and javon kinlaw have been taking pilates classes here at oncore pilates in willow glen for the past year and a half. >> just able to do some things i've never been able to do, so it gives me superior confidence. the core work is the number one thing that i've noticed. you know, it's able to hit a deeper sense of the core muscles. so when i'm out there on the field, i'm able to, you know, be more in control of my body. it was warner's wife, cydney, who introduced fred to jennifer owens and the workout. >> when i met fred, he was my client's husband. owens owns the studio and teaches both warner and kinlaw. they're locked in, and they just immediately trusted me. >> owens, who admittedly wasn't a big football fan, is now all in on the game, and the niners are all in on her workouts. >> i knew that something that's a little bit more different from what i'm from, what i'm used to doing was going to be a challenge as well. >> and it is pilates is one of the most popular workouts in the u.s. right now, but owens has her ow

and i had a very kind parent, time warner.ecause it was a time publication, they had rights to virtually everything. i just felt like it was time i was old enough. i had proven myself to myself that i could really run a company like this, that i should own it. i should own my name. i should own my copyright. i should own my business. so we went one day to meet with don logan, who ran time. i was the one who said to don logan, it says martha stewart living, not time living. so if martha decides that she's just too tired to work, your magazine is worthless. and what we'd like to do is make it worth something and give you some equity in the new company. they agreed because it said martha stewart living. [music playing] you bought your magazine, martha stewart living, back from time warner for some huge amount of money. how much? undisclosed. undisclosed. $75 million is one figure i read. i don't know. and you went out and raised the money. of course, you know-- well, we didn't have to borrow anything. we financed it from within.

we will dig into warner bros. later. peeling back these narratives on the ai boom, erica is with us. or read on tech, nvidia. interested whether you think the hype has reality underneath it. will we see a broadening in terms of a i love? >> yes. jenison has a long-term outlook. we've always been positive and early. all of our expectations have been blown out of the water. caroline: jenison is an operator. he managed to beat a global business. extraordinary. this company is finding working with china more difficult, largely because of geopolitics. erika: political landscape is more challenging for companies now, as they have restrictions. china had risen to 20% of nvidia's datacenter revenue. that contracted down to 5% in the recent quarter. nvidia has been nimble in terms of coming out with products that comply with export laws. those will ship later this year. we believe there is pent-up demand for those chinese customers. caroline: is there room for the other rivals? should we look to other makers? erika: our view is y

i asked him about disney's new joint venture with fox and warner brothers discovery to launch a streaming sports bundle this fall. i asked whether it could accelerate cord cutting or cause conflict with their pay tv distr distributors. take a listen. >> we've watched for years the decline of the basically the linear bundle on cable and satellite. and we've been preparing for a world where that business is not as strong as it used to be. launching disney+ is an exactly of that, the investments we've made in content. the fox acquisition, the acquisition what that did in terms of our ownership of hulu. all of these things have prepared for us to pivot, as well, as the world changes, as the world is disrupted, and by the way, i'd rather be a disruptor than to be disrupted. >> and iger's working on yet another response to that disruption, with a new espn flagship streaming service that's going to go direct to consumer. he announced that the launch will be as early as august of 2025. me lis sashgs you can find more from my interview with iger on cnbc.com. so much news from this exclusive interv

that is warner bros..ares are having the biggest intraday loss since november after reported fourth quarter revenue and profits that fell short of wall street forecasts and declining tv advertisement sales. weakness also in its studios business. felix gillette covers the industry and joins me. let's start with the ad part of the equation. how hard is it for one are brothers discovery to turnaround the trajectory? >> the problem with advertising is the cable industry is hemorrhaging viewers. the ad sales word terrible -- were terrible in the fourth quarter. tnt, tbs, cnn. that viewership especially among viewers that are younger is going to tiktok, youtube, migrating elsewhere. it is a tough market. sonali: talk about how the election cycle might impact it. >> i think they are hoping to get some bump from political spending as the election keeps heating up. the surprising thing was in addition to the decline on linear tv channels, you also had this weakness at their studios business. but that is really comi

warner brothers up about 3%.lso i wanted to talk about some of the other sports media players that also have big stakes in live sports. looking at apple, paramount global of course, our paramount company, nbc and nbc sports not part of this transaction, at least at the moment. pair mouth global, cbs, which has the nfl rights for some evenings, aen now they have amazon and apple it raises all sorts of questions. we're going to hear more about all of this and also talk about disney after the company reports its plan today bob iger will be on and we'll talk with disney ceo hue johnston on "squawk box" in his first interview since taking that role as cfo boy, has his new job gotten pretty interesting given all of the challenges disney is facing, nelson peltz there's going to be a lot, a lot to talk about. >> no more doritos. >> that's on you. >>> as they're paying to buy comcast out of the hulu deal, e guess the question is this more successful because it comes out of the sports sued of things >> it could be the same

that's not happening as i said, warner bros.iscovery and paramount is not happening. >> i know that little far afield, but seems that -- why would the -- why would the ftc like this? it's going to raise the price for -- >> it's not -- i mean, >> it's the collusion of three networks >> it's not collusion. it's convenience >> okay, good. i just feel like -- >> it's convenience. >> they're always on the lookout. >> they're not bidding as an entity >> i don't think she likes you talking to me. we may be colluding for all i know >> lina? yeah >> like kanter now when you see good antitrust cases, it's usually kanter what are you doing >> i'm looking for my phone. what'd i do with it? i feel naked >> david, one last question. >> yes, jim? >> which of these three actually said, listen, we got to get together >> i believe it began with fox -- they're all talking, and i think fox and disney sort of started a conversation and then went to turner when they felt like, there's no issue here in terms of antitrust, let's get a third. >> it's a

and you're mentioning jeff bewkes, the ceo of time warner at the time. i don't know if he'll if he'll ever live down the albanian army, which was a really famous one. and sort of like reed hastings will never be ripped out by the competition and sleaze slate. that's right. yeah, he's got real competition. real competition now. well, any, any account of of peak tv prestige tv would not be complete without talking about game of thrones. this you highlighted here that it really was kind of a mess at the beginning. talk about, i mean, this this show really like almost might not have happened and and it was there were some some things that were going badly wrong when it first started coming together. just to talk a little bit about that show and and how it got off the ground. well, benioff and weiss were the showrunner owners, the writers and showrunners on game of thrones. neither of them had any experience in tv whatsoever. and in fact, you know, they you know, years later after game of thrones had been become this amazing hit, they came back and described

and you're mentioning jeff bewkes, the ceo of time warner at the time. i don't know if he'll if he'll ever live down the albanian army, which was a really famous one. and sort of like reed hastings will never be ripped out by the competition and sleaze slate. that's right. yeah, he's got real competition. real competition now. well, any, any account of of peak tv prestige tv would not be complete without talking about game of thrones. this you highlighted here that it really was kind of a mess at the beginning. talk about, i mean, this this show really like almost might not have happened and and it was there were some some things that were going badly wrong when it first started coming together. just to talk a little bit about that show and and how it got off the ground. well, benioff and weiss were the showrunner owners, the writers and showrunners on game of thrones. neither of them had any experience in tv whatsoever. and in fact, you know, they you know, years later after game of thrones had been become this amazing hit, they came back and described

fox corps, down 6% today warner brothers down 3.5%. chart eer and come past, they'r down as well >> we don't have all the details next i think the key issue here is going to be the cost and what that does in terms of more cutting. i would just have to point out here that what is really interesting is you'll have all of the sports networks, and just two regular networks included. that's abc and fox also you get tbs if you turn on abc or fox or tbs this the middle of the day, you might see a rerun of a sitcom or news so what you're getting here is more than just sports. you're also getting news bundled into that. so i think you might check the box for people who want live news and get some general entertainment, as well so i think it is meaningful that you're getting the regular linear feed of some of these main stream networks that are not 100% focused on sports >> big story and still a lot we need to learn. the market doesn't like it, yet. we'll see. thank you very much. >>> by the way, don't miss a first on cnbc issue with bob bakish

more brilliance from the bat of david warner, but is it enough to beat west indies in australia's t20dies in australia's t20 opener in hobart? and there may be no super bowl for him this weekend, but lamarjackson still has something to celebrate as he's named the nfl�*s most valuable player. welcome along. thank you forjoining us. christian horner�*s internal hearing into a complaint of inappropriate behaviour is under way this afternoon. the 50—year—old, who has led red bull's formula one team since 2005, is being questioned by an independent lawyer. his future in the sport has been the subject of intense speculation since the allegations, which he denies, emerged. 0ur sport news correspondent laura scott is outside red bull racing's hq in milton keynes. what do we know about these allegations? what's the likley timeline for this investigation? what we knew at the moment from red bull pass back perspective is that these are recent allegations made against christian horner by a female colleague. we know that they are taking it incredibly seriously and they have launched an independent

warner bros. those shares are plunging this hour after fourth quarter results. take a look, down about 10%. what has investors heading for the exits? we will explain coming up. first a quick message at cnbc celebrates black heritage. >> in environments where not many people look like you, you will be constantly challenged to prove yourself. you need to always invest the time to be well prepared. being a constant learner is what i have loved throughout my life. my incredible mother taught me to always try to treat others the way you would want to be treated. pay it forward. which has certainly influence my mentorship and sponsorship of others throughout my career. (grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. ♪♪ [storms sound] whatever weather co

disney, fox, and warner bros. team up to launch a massive new sports team bundle. the bundle is back and could significantly alter the future of the sports broadcast industry. we will discuss that further ahead. >>> as we head to break, a quick check of the markets. the dow is up nearly half a rct right now. with nurtec odt, i can treat a migraine when it strikes and prevent migraine attacks, all in one. don't take if allergic to nurtec. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. ask about nurtec odt. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ to advance the future of golf, pga of america chose t-mobile for business. with a 5g powered innovation hub to analyze player performance and expand coaching tools. take your business further with america's largest 5g network. xfinity rewards presents: '1st and 10gs.' take your business further xfinity is giving away ten grand to a new lucky winner for every first and ten during the big game. enter daily through february 9th

. >>> also a sports super streamer, disney joining forces with warner brothers to create an all-new platform and what's being seen as a massive industry power play. >>> and snap sinks shares of the social network plunking ahead of the open on a top line miss and a disappointing forecast. >>> plus stocks in china extending their gains in what could be a possible sentiment shift that favors beijing. >>> later, tracking the transport stocks and the names that have more room to run it's wednesday, february 7th, 2024, you're watching "worldwide exchange" right here on cnbc >>> good morning and welcome to "worldwide exchange. i'm frank holland. let's get you ready to start you day. we kick offer the hour with a check on u.s. futures. the ma i superior indices posted their third positive session in the last four. taking a look right now, you can see it's in the green across the board. the s&p solidly in the green however, there is nothing modest about the dow transports coming off a 2% gain yesterday, we have a check-in with bank of america and the names and the space with more runway coming up we'

warner, aye. mr. cardin, aye. mr. thune, no. mr. padilla, aye. mrs. britt, no.

let's start off with warner brothers shares down nearly 40% over the last year.e bank watching content on both the big and small screens as the company looks to grow max subscribers and catch in at the box office the street also listening for details on the launch of its sports streaming venture with fox and espn but you are not impressed here you're a seller. why? >> yeah, good to see you thanks for having me back. this one is tough. it looked like a trap. on all accounts, this would be an attractive stock to us, playing 0.5 book and sales they're looking to return to profitability with $2 billion in crash. but the price action stinks. it can't seem to get out of its open way as an investor, you can identify the fundamentals they might be attracted here, but you have to wait for a catalyst. the street expecting a loss of 11 cents on $10 billion in revenue. if they have an upside surprise and the stock turns around, there's no rush. then you can go back in and take a position ahead of these earnings, i would not tiouch this name >> this is the sports app they're

warner posting this photo with a caption saying to the best fans in the world and thank you, warner goes on to say it wasn't the ending they wanted, but that he is proud of the guys. and he added we will be back after that crushing loss. there is a lot of discussion about what went wrong for the 40 niners in last night's game. >> yeah, everyone just dissecting this, trying to understand where we went wrong. ktvu sports anchor jason appelbaum job. jason, you've been doing some dissecting. i know you're you're here now to sort of tell us what the team is saying about once again, coming up short on the biggest stage we've been here before. >> we have. but this one was completely different, right? i mean, there are different ways that they're losing it. and i think, you know, since this team was really built to win it all this year. yeah, that's what makes this just so difficult. it was super bowl or bust for the 40 niners. and to get so close, as you mentioned and lose the way they did, made this without question one of the most disappointing thing. hard to swallow. heartbreaking. whatever

warner bros.quarterly results, worse than the 7 cent loss the street had been expecting its own revenue of $10.28 billion, which also we should mention is below estimates advertising revenue at network segments declined 12% to 1.95 billion. warner bros. discovery had 97.7 million global streaming customers at the end of that quarter. the stock holding up on the back of that news for now we'll see where things stand as we move along. we're going to dig into that report media follower and columnist jim stewart will join us in the next hour to talk about these results and the streaming wars as well >>> shares of booking holdings sliding this morning, despite better than expected earnings and revenue. on the call last night, ceo glenn fogel said the conflict in the middle east hurt reservations during a holiday season he joins us live with his outlook for the coming year. like that, glenn, where i'm introing you and i say last night the ceo glenn fogel said something. are your ears a little bit hot no

warner, aye. the clerk: mr. welch, aye. the clerk: mrs. fischer, no. the presiding officer: the yeas are 56, the nays a 40. the nomination is confirmed. under the previous order, the motion to reconsider is considered made and laid upon the table, and the president will be immediately notified of the senate's action. the clerk will report the motion to invoke cloture. the clerk: we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the nomination of executive calendar number 470, david seymour liebowitz of florida to be united states district judge for the southern district of florida, signed by 17 senators. the presiding officer: by unanimous consent, the mandatory quorum call has been waived. the question is, is it the sense of the senate that debate on the nomination of david seymour liebowitz of florida to be united states district judge for the southern district of florida shall be brought to a close. the yeas and nays are mandatory under the rul

bosa and warner have grown a lot since that day.a won last year's defensive player of the year award, and warner this year named a first team all pro a vote that was unanimous a week from sunday, it'll be up to the veterans to impact wisdom and pick and pass it on to the younger players on the team. >> we've been so close and now we finally have another opportunity and you got to make. the most of it because you never know if you're going to have another opportunity. you know, you've got to you really got to sell out for three hours and give it your best. >> there has to be a different level of effort, of intensity, of unselfishness that you have to get to for every single snap that you're in there, bowes said . >> the niners will need all the intensity they can muster, as san francisco has never beaten patrick mahomes and the chiefs. the. 49ers two and a half point favorites right now against the defending champions, who have won in five games in a row, led us hope and pray it does not stretch to six in a row. >> listen, those are

disney, fox, warner bros.rafting their own sports streaming service. this is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ jonathan: the s&p 500 looks like this. equity futures are slightly negative with the emphasis on slightly. down 0.01%. the nasdaq is doing alright. the russell small-cap is underperforming. yesterday, an ok session for the small-cap but rock-bottom, the financials on the russell. the banks and the penalty box all over again. lisa: you have seen regional bank stocks tank. you wonder how much people are treating this as idiosyncratic with respect to new york community bank and how much they are expecting another repeat of last year. jonathan: let's get to the bond market and talk about supply. the two year, the 10 year. yields are little higher by basis point. 4.1 153. unchanged on the two-year. i will go over the numbers again and lisa can give you some scope . 42 billion of 10-year note's today and tomorrow 25 billion of 30-year bonds. lisa: there was an auction that went pretty well yesterday. longer duration

espn, fox, warner brothers teaming up to launch a sports streaming platform this year. let's get to david faber with the details. >> yeah, this could be something that you can actually download as soon as the fall, that seems to be the hope of the three key partners here who will be contributing all of their sports programming to this yet to be named entity. i'm told they're going to come up with a name soon, they're going to have to come up with a price, of course. the idea here is to appeal to the every-growing number of people who no longer have a cable subscription, particularly, perhaps, young men who like sports, but don't want to pay 150 bucks amonth to have cable. and so, wherever the price is, it will be far below that number. and then they obviously, as well, these consumers would have their entertainment options via other apps that we know well. the two or three parties, my understanding, have been talking for a bit of a period of time. disney and fox appear to agree to an initial deal and, in fact, fox has something, at least somewhat similar in australia, i

it was a big event for parent warner brothers discovery.of three-pointers. >> a lot of points. record number of points. but we are, joe, still waiting on sunday's all-star game numbers, but saturday night's events including the dunk contest did show strong viewership. saturday night viewers rebounded 31% from last year's low. that's the largest audience for the event since 2020, according to nielsen fast nationals. this is a good sign of a strong weekend, especially after last year's all-star game drew its lowest ratings on record. sports rights like the nba are a key piece of warner brothers' discovery lineup. but so far, the nba isn't really helping its streaming viewership. ubs and nielsen reports that since sports were added to max in october, philosophy increase in max's percentage of total tv viewership. this all comes ahead of the next bah's exclusive 45-day negotiating window with warner brothers discovery, and espn abc. that begins on march 9th. now, sports loomed large for warner brothers discovery, in part because of its lack of

warner, aye. mr. cardin, aye. mr. thune, no. mr. padilla, aye. mrs. britt, no. vote: the clerk: mr. merkley, aye. the clerk: ms. collins, aye. mr. schumer, aye. the clerk: mr. cramer, aye. the clerk: mr. ossoff, aye. the clerk: mrs. fischer, no. the clerk: mrs. capito, aye. mr. cassidy, aye. the clerk: mr. rubio, aye. ms. stabenow, aye. the clerk: mr. king, aye. the clerk: ms. hassan, aye. mr. coons, aye. mr. murphy, aye. the clerk: mr. scott of florida, aye. the clerk: mr. mullin, no. mr. whitehouse, aye. mr. bennet, aye. the clerk: mr. brown, aye. mr. kelly, aye. mr. sanders, aye. ms. ernst, aye. mr. fetterman, aye. the clerk: mr. moran, aye. the clerk: mr. booker, aye. the clerk: ms. cantwell, aye. vote: the clerk: ms. rosen, aye. the clerk: mr. menendez, aye. the clerk: mr. risch, no. the clerk: mr. budd, aye. the clerk: mr. barrasso, aye. the clerk: mr. kennedy, aye. the clerk: mr. hawley, no. mr. schmitt, no. mr. daines, no. the clerk: mr. hickenlooper, aye. the clerk: ms. murkowski, aye. mr. sullivan, no. mr. hagerty, no. the clerk: mr. braun, no. ms. lummis, aye. the clerk:

paramount global and warner bros. is said to have shelved talks to buy paramount global. both companies have declined to comment on the issue. it said that film studio skydance media is in the process of due diligence on a potential deal and media mogul byron alan did make an offer for paramount last month, but nothing formal has materialized as of yet. warner bros. down .5% and paranount global down 1%. i'll send it back over to you. >> thank you for that. want to bring in alexandria wilson alonzo. excuse me. i'm having a problem this morning. >> hooked on phonics. >> elizondo. >> elizondo. co-chief investment officer -- it is like i'm hiccuping. >> you drink so much coffee. >> it doesn't matter what you're drinking. it is how fast. >> how many cups of coffee do you drink? >> one. >> one cup? >> in the morning. >> one in the afternoon? >> yes. >> worried about too much caffeine. >> i drink two cups of coffee, that's it. >> some mornings it's more. bring any another, please. >> sometimes it is very tiring, you know, b

out of the three entities involved, does warner brothers need to do it -- warner brothers discovery needis to get the nba reviewed. if that doesn't get done, they can't come together. that's a central ingredient with that part of the club. it's unclear to me that they necessarily win this. i think comcast, nbc has some interest there. nbc has a broadcast network, and i think the reach for professional sports leagues of a broadcast network continues to have major appeal. so i'm not sure if they don't win that that the j.v.act materializes. if they don't, the hit revenue is going to hugely decline. that's a must situation for them. if it comes together, i think there's a better argument to be made. >> when would sosnoff have to decide he would do something really big? >> april is the time. the spin-off, they could. do it. >> i think breaking up the company, tom, the taxes are a real tough issue, no? >> yes, that's a tough scenario. look, i think there are two players that have a lot of eleven raj over warner bros. discovery. one i was saying was the nb a. i think it has enormous leverage i

we feel disney and warner bros. and fox sports content is robust enough. the sports rights available. espn is part of that and espn is the bulk of the sports rights. maybe we can live without cbs, particularly going back to robert's point that it is available over the top with the digital antenna for free or on paramount plus which is not expensive of an add on. you can add it for $6 with advertising. if you want to put it together, you don't have to spend that much more money with the robust off offering. >> robert, you upgraded. you have a $13 price target on it. where does it go from here? >> that's the ultimate question. it comes back to a lot of the speculation that we have been reading about and hearing. our upgrade was essentially acknowledgment of the dispedisper at desperation that the company is in and look for an exit here. clearly there are parties that are doing the work right now. we will see what valuation that may end up coming to. from the company's perspective, our upgrade was acknowledgment that the company does have a lot of pressure on

fred warner, he and his wife are expecting a baby boy. someone gave him a soccer outfit that caught him off guard. i thought it was a really cool moment to see fred warner let down his guard and be like wow, you know. he is excited and nervous about becoming a father. that was definitely a cool moment. >> that sounds really special. i love how the niners faithful are really showing up. thank you so much for that update, anthony. >>> let's take a live look at allegiant stadium, home of super bowl lviii. roger will be anchoring our coverage beginning at 5:00. at the faithful descend on vegas for the super bowl, we spoke with one super fan still searching for tickets, but he says that is not going to stop him from heading over there one way or the other. also, launching them into the sky, whether balloons help us understand what is going on with our climate and crisis. >>> before we had to break we want to know what training story you would like to see later on in the newscast. you still have a little more time to vote. this ad? typical. pol

warner, aye. mr. mcconnell, aye. mr. king, aye. the clerk: mr. sanders, no. the clerk: mr. merkley, aye. the clerk: mr. cruz, aye. mr. cornyn, aye. ms. cantwell, aye. mr. mullin, aye. mr. rubio, aye. the clerk: mrs. fischer, aye. mr. cardin, aye. mr. marshall, aye. vote: the clerk: mrs. gillibrand, aye. the clerk: mr. schatz, aye. mr. schmitt, aye. mr. budd, aye. mr. paul, aye. mr. romney, aye. the clerk: mr. johnson, aye. the clerk: mr. wyden, aye. the clerk: mrs. blackburn, aye. the clerk: mr. scott of south carolina, aye. the clerk: mr. thune, aye. ms. klobuchar, aye. mr. cramer, aye. the clerk: mr. cotton, aye. the clerk: mr. boozman, aye. mr. lee, aye. mr. young, aye. mr. coons, aye. the clerk: mr. fetterman, aye. ms. duckworth, aye. the clerk: mr. risch, aye. mrs. murray, aye. the clerk: mr. tuberville, no. the clerk: mr. sullivan, aye. the clerk: mrs. hyde-smith, aye. vote: the clerk: mr. hoeven, aye. the clerk: mr. hagerty, aye. the clerk: mr. moran, aye. the clerk: mr. vance, no. the clerk: mr. hawley, no. the clerk: mr. schumer, aye. mr. murphy, aye. mrs. shaheen,

warner brothers discovery stock down 46% in the last year, paramount down 49%.biden is on capitol hill today to answer questions from the house oversight and judiciary committees about the family's pattern of influence peddling.tim burchett is here wa preview, next. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think y

if you look at fox, warner bros., disney, they are heavily exposed.nn's almost 80% of its revenues from the pdb bundle. they have to price it attractively so it appeals to hard-core sports fans but at the same time not jeopardize their own future with the linear tv bundle. pricing will be key, $40 to $50 range is the warmer but we will have to see. katie: we just got these headlines in a couple of minutes ago that netflix is relating two projects with the boston red sox. they will follow an mlb team over the course of a full season. it feels like this folds into this conversation about how media is handling sports. geetha: absolutely. this is exactly what the big media companies are fearing. you see netflix. they went after that wwe content, paying $5 billion over 10 years. you see more and more sports content, documentaries. it makes sense that the media companies band together. it is a good, defensive, strategic move as the big deck layers try to get into their space. katie: really appreciate the instant analysis as always. let's welcome back sarah

warner. ms. warren. mr. welch. mr. whitehouse. mr. wicker. mr. wyden. mr. young. clerk: senators voting in the affirmative, butler, cardin, collins, smith, welch. senators voting in the negative, blackburn, britt, capito, cassidy, daines, fischer, hyde-smith, kennedy, lummis, moran, mullin, paul, risch, romney, rounds, rubio, schmitt, scott of florida, tillis, tuberville, wicker.l the clerk: mr. mcconnell, no. the clerk: mr. hoeven, no. the clerk: mr. cornyn, no. mrs. shaheen, aye. the clerk: mr. ricketts, no. the clerk: mrs. gillibrand, aye. mr. cotton, no. ms. ernst, no. mr. boozman, no. mr. vance, aye. the clerk: mr. murphy, aye. the clerk: mr. brown, aye. ms. cantwell, aye. ms. hassan, aye. the clerk: mr. braun, no. mr. casey, aye. mr. durbin, aye. mr. merkley, aye. the clerk: mr. tester, aye. mr. hagerty, no. mr. johnson, no. mr. mr. re the clerk: mrs. murray, aye. the clerk: mr. hickenlooper, aye. the clerk: mr. thune, aye. the clerk: mr. ossoff, aye. the clerk: mr. wyden, aye. the clerk: mr. king, aye. mr. kelly, aye. the clerk: ms. duckworth, aye. mr. youn

warner. mr. warnock. ms. warren. mr. welch. mr. whitehouse. mr. wicker. mr. wyden. mr. young. the clerk: senators voting in the affirmative -- baldwin, bennet, blumenthal, booker, brown, butler, cardin, casey, collins, cornyn, cortez masto, durbin, graham, hassan, heinrich, hickenlooper, hirono, kaine, kelly, kennedy, king, lujan, lummis, markey, menendez, merkley, murkowski, murphy, ossoff, padilla, peters, reed, romney, rosen, rounds, rubio, sanders, schatz, smith, warner, warnock, warren, welch, and wyden. mr. fetterman, aye. mr. carper, aye. senators voting in the negative -- britt, cotton, cruz, fisher, johnson, lankford, marshall, moran, schmitt, tuberville, and wicker. the clerk: mr. daines, no. mr. thune, no. mrs. capito, no. ms. ernst, aye. mr. barrasso, no. the clerk: mr. coons, aye. the clerk: mr. young, aye. mr. cassidy, no. the clerk: mr. mcconnell, no. mrs. shaheen, aye. the clerk: mr. scott of florida, aye. the clerk: mr. hagerty, no. vote: the clerk: mrs. gillibrand, aye. the clerk: ms. klobuchar, aye. mr. sullivan, no. mr. risch, no. mrs. murray, aye. the cler

francis copeland at warner brothers studio and film contains rainbow. at that point i had no interest at all in doing theatrical films. i was not interested at all. i wanted to be a documentary filmmaker, that's what i wanted to do. that's how it's working. i like to be. i like editing. i like photography. and i wanted to work as an editor and photographer and to send over to documentaries, which was the new thing at that point. and then at the same time, on the side do these little archie kind of told him home a non linear, non character driven non story driven films. that was my passion. but i wanted these scholarships and i said, well, i should see what this whole thing is all about. i might as well just, it's an opportunity mindful ticket. so i did, and out of that i became francisco pals assistant and from that i worked with him on the rain people. we came back to san francisco which is where i wanted to live cuz that's where i'm from. and we started a phone company up here and managed francis managed to get a deal to make a feature version of the

zaslav, the david zaslav, the head of warner brothers/discovery,.a. we reported that he was not in deal mode. it was kind of official t was probably official weeks and weeks ago. we should point out weeks and weeks ago red bird, not really red bird, essentially skydance, right? keith ellison's firm, larry ellison's firm is, and redbird has a major take in that firm, okay? they're the ones that's going to lead the buyout of this thing as least from what i understand. that is what they're negotiating. they are, what i understand for weeks. liz: david ellison. >> david ellison, i'm sorry, the lead bidder on paramount. and what they are going -- the way i understand it is this, they're going to buy shari redstone's stake, okay? whatever that is, three billion, two billion, whatever it is, okay, or maybe more. they're going to pay off the common shareholders who will sue because they get screwed in this is structured. the mario ga little gabelli es, warren buffett, we don't know if he is in the stock, common shareholders will get bade under the deal, tha

. >> reporter: major warner as superintendent of schools in fauquier county virginia which took on itswork and fought off an attack by lockbit and its ransom demands in september. you say it was a minor miracle you got everything up and running again? >> they threaten you with a bunch of stuff and they threaten you with these timelines so you have to spend time very quickly try to figure out, are they bluffing? >> ransomware is a business model and so the malicious actors are looking to earn money and so we've seen cases where they've asked for money. the victim has come back and said i can't afford that but i couldn't pay you this amount less, and they have taken it. >> reporter: among the items seized from the two stackers, decryption key the feds can use to help victims get control of the computer servers get their private data back. >> norah: really interesting, scott. also some breaking news just coming in unrelated about hunter biden and a former fbi informant. what do we know? >> reporter: his name is alexander smirnov, rested last week in las vegas accused of making a false sta

the united states has repeatedly and in some instances, directly warner, on a better tax on us personnel on the country around continues to escalate directions across the region by enabling these proxies. definitely attacks when the, as long a group public of the ron address the meeting, they emphasize that this version of events that we've heard from western media where all these resistance forces throughout the region are simply on orders frontier on and taking your ron's directions and everything they do is just not factual, that these resistance groups have their own autonomy, the us and you can meet. i know that dissipate attempts to distract the attention away from the root cause of the current situation in the region by fall asleep, putting the finger and blame on you on all of the resistance group in the legion of independence and the decision. and actually has a multi rated by the rigid to make rise on the international low that are handling the legal presence of u. s. in the territories. many countries spoke up at agree with one rush. i had to say that us actions are unacceptab

espn, forks, warner -- fox, warner brothers, discovery announcing a streaming platform that will be atand standalone. it will offered directly to consumers who will be able to stream the companies' sports consistent only the. people pay up for live sports. big money maker. >> i love this for many reasons except for one. i love fox sports. they do the best football coverage of anybody out there. maria: they're the best. >> i love the fact that 5 55% f they're able to pull the joint venture off, 55% of all live sporting events will be on one plat. maria: i love it. you know where to go when you want to get your streaming. >> i don't like they're talking aboupotentially 100 bucks. i pay $225 a month for my internet and channels at home. and there's the paramount 7 bucks and -- right? maria: you know what i think? you're going to pay he it. it.you're going to pay it becaue you're going to want your sports live. >> you're right. maria: you're going to pay it because you're going to want your sports. >> you're on fire today, maria. i'm feeling it this morning. maria: i'm going to pay it too

i went back to warner brothers and said, i wanna put that 5 minutes back into it before you release it on the h. s. and i got it changed back to the way it was. and i did the same thing. the universal was american fitness. i don't want my 5 minutes back. and after the star wars they let me do it. when i was in junior college, i was a social science major, basically an anthropology major. and i took a lot of anthropology classes, and one of them was on mythology. and i became fascinated with the default ones. you, but it was very interested in anthropology. why do we do the things that we do? how does this lady construct itself? when i got to the time of america or cd, i was developing that script, but at the same time i was thinking about other ideas. and one of them was to do a republic, serial an action adventure film. and i was kind of amused, was, i was what i have a habit of doing, which a lot of writers have a habit doing is where you're supposed to be running on one script. you end up thinking about another script or something they don't, you know, wouldn't be great if instead o