Out Fox The $treet

  According to deal chatter, CNN is still valued at $10 billion despite challenging viewer numbers. Warner Bros. obtains the majority of profits from the Networks division and the value creation would occur with turning around CNN. WBD stock isn't appealing with the large debt load and the potential mistake of unloading a profitable business. Amazingly, analysts continue throwing out  $10 billion valuations  for news network CNN while  Warner Bros. Discovery  ( NASDAQ: WBD ) only has a market value of $30 billion. CNN constantly struggles to produce solid viewership metrics to suggest a large  market value anymore. My  investment thesis  remains Bearish on Warner Bros. due to excessive competition in the media space. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Update - Dec. 14 These restructurings seem to happen all the time after big mergers making the merger virtually worthless and very destructive to shareholders. Also, not exactly sure how HBO Max is more appealing with less content, but WBD will make more in licensing fees.  -Warner Bros. Discovery (NASDAQ:WBD) chief David Zaslav has spent several of the months since taking over in April by pulling back the sprawling content company's plans, including planned removals of a number of programs on HBO Max - and now we know the fates of some of those shows. -The company recently announced that it was removing HBO shows Westworld and The Nevers from the service entirely. Those programs and others will find a new home licensed to free ad-supported TV services (such as Pluto TV (PARA) (PARAA), Xumo (CMCSA), Tubi (FOX) (FOXA), Roku Channel (ROKU) and Freevee (AMZN)). Original article posted Nov. 22 Warner Bros. continues to struggle with a horrible model of consumers shifting towards video ...