Media
Warner Bros. Discovery's streaming growth and cost discipline delivered an operating profit turnaround in Q2 FY2026, overshadowed by the uncertain PSKY merger and a 91% net income decline.
Key risk: Pending Merger Legal and Regulatory Challenges
The PSKY merger faces two antitrust lawsuits seeking to block the transaction, with an agreement not to close before June 1, 2027; failure to close could trigger up to $3B in termination fees and reimbursements.
Other Broadcasting companies