A toxic combination of short sellers and the nattering nabobs of negativism have really got their hooks into the Warner Bros. Discovery stock these days. It’s now trading below $7 a share, around the all-time low, and down a whopping 15 percent in the last week. Overall, the stock is down 73 percent since David Zaslav’s Hollywood experiment began, in April 2022, and the company’s enterprise value is around $55 billion, 45 percent less than the $100 billion Zaz paid for WarnerMedia alone. As my partner Matt Belloni reported on Monday, there is also a growing frustration inside WBD, where Zaz has been likened by some to Michael Scott, Steve Carell’s comic boob of a manager from The Office.
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