Latest news with #Leavy
Yahoo
3 days ago
- Business
- Yahoo
CNN Chief Operating Officer Heads Back to Warner Bros. Discovery
After a two-year stint managing CNN's business during a leadership and strategy transition, David Leavy is heading back to his longtime home at parent company Warner Bros. Discovery. The executive had joined as chief operating officer of the cable news network during the short-lived Chris Licht-led era then stepped in to co-lead the brand days later after Licht was fired in June 2023. More from The Hollywood Reporter C-SPAN's Next Big Bet Is a "Radically Different" Sort of Cable News Show: 'CeaseFire' CNN to Air Live Broadcast of George Clooney's 'Good Night and Good Luck' in Broadway First CNN Sending Eva Longoria to France as 'Searching For' Franchise Expands (Exclusive) 'David arrived at CNN in tumultuous times and did a brilliant job stabilizing the company at a difficult moment,' read a note from CNN president Mark Thompson to staff on Wednesday. 'During the transition he led CNN jointly with Amy Entelis, Virginia Moseley and Eric Sherling and played a central part helping me into my role as chairman and CEO before, as COO, leading multiple organizations and teams across revenue, promotion, operations and data.' Leavy, who had spent two decades at Discovery prior to parachuting in to CNN during a moment of uncertainty, will return to the Warners corporate fold in an unspecified role. 'David will spend the next month or so ensuring a smooth transition, which should also give everyone who's worked with him a chance to say thank you for his major contribution during his tour of duty here,' Thompson wrote. At the time of his appointment two years ago, CNN was in the middle of an overhaul executed by Licht that involved significantly reworking the channel's programming to combat declining ratings and multiple on-air talent shuffles. Licht, who joined the brand in 2022 after time as a producer at Morning Joe, CBS This Morning, and The Late Show With Stephen Colbert, had his tenure cut short after Warner Bros. Discovery CEO David Zaslav pulled the plug. ('I take full responsibility,' Zaslav said at the time.) Leavy was then tasked with ensuring a steady transition to the next leadership era at CNN, which kicked off months later when former BBC and New York Times executive Mark Thompson was named its new chief. Now just shy of two years at CNN, Thompson is executing a digital pivot that includes pushing for online subscribers, a strategy that proved successful for the Times as the paper amassed 11.7 million paying subs. That includes CNN launching a new standalone streaming service (apart from the pay TV bundle), with pricing to-be-determined, this fall. Thompson noted a slew of org chart reporting changes as Leavy returns to Warners. 'Following his departure, Phil Nelson's international commercial and revenue teams and Emily Kuhn's communications organization will report into me, as will Sam Felix in her role as overall head of partnerships. Paul Crum's Newsource groups will report into Phil. I will continue to work closely and directly with Karen Bronzo and her creative marketing organization. John Davies' Studio and Tech Ops will report into Eric Sherling's programming team,' the CNN chief wrote. Thompson added, 'Jamie Benedict's strategy team and Nick Cavaliere's research group will now all report to Adam Cohn, our CFO, and Christine Yi will also now report into Adam's team. John Courtney's Image + Sound teams will report into Virginia Moseley's Global News organization, and Stacey Wolf's business affairs team will move under Amy Entelis' leadership. Anne Gordon, David's longtime trusted right hand, will stay with him and also transition to WBD.' Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Why Warner Bros. Discovery, Inc. (WBD) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where Warner Bros. Discovery, Inc. (NASDAQ:WBD) stands against other best-performing stocks. Warner Bros grew by 4.92 percent on Wednesday to close at $10.02 apiece as investor sentiment was buoyed by news that CNN's chief operating officer, David Leavy, will return to the entertainment media giant. According to a letter to CNN employees, Leavy, a long time key executive of Warner Bros. Discovery, Inc. (NASDAQ:WBD), is set to leave his current chief operating officer role at CNN. He was praised for his 'brilliant job stabilizing the company (CNN) at a difficult moment.' A movie theater auditorium filled with an audience enjoying a blockbuster film. 'During the transition, he led CNN jointly with Amy Entelis, Virginia Moseley and Eric Sherling and played a central part helping me into my role as chairman and CEO before, as COO, leading multiple organizations and teams across revenue, promotion, operations and data,' CNN Chairman and CEO Mark Thompson said. For his part, Leavy said that his moving over to CNN was originally just a six-month plan that turned into a multi-year drive to help the company pivot, transform, and reposition itself. His return to Warner Bros. Discovery, Inc. (NASDAQ:WBD) was a vote of confidence in his effectiveness in transforming the news giant. Overall, WBD ranks 6th on our list of best-performing stocks. While we acknowledge the potential of WBD, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WBD and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
29-05-2025
- Business
- Yahoo
Why Warner Bros. Discovery, Inc. (WBD) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where Warner Bros. Discovery, Inc. (NASDAQ:WBD) stands against other best-performing stocks. Warner Bros grew by 4.92 percent on Wednesday to close at $10.02 apiece as investor sentiment was buoyed by news that CNN's chief operating officer, David Leavy, will return to the entertainment media giant. According to a letter to CNN employees, Leavy, a long time key executive of Warner Bros. Discovery, Inc. (NASDAQ:WBD), is set to leave his current chief operating officer role at CNN. He was praised for his 'brilliant job stabilizing the company (CNN) at a difficult moment.' A movie theater auditorium filled with an audience enjoying a blockbuster film. 'During the transition, he led CNN jointly with Amy Entelis, Virginia Moseley and Eric Sherling and played a central part helping me into my role as chairman and CEO before, as COO, leading multiple organizations and teams across revenue, promotion, operations and data,' CNN Chairman and CEO Mark Thompson said. For his part, Leavy said that his moving over to CNN was originally just a six-month plan that turned into a multi-year drive to help the company pivot, transform, and reposition itself. His return to Warner Bros. Discovery, Inc. (NASDAQ:WBD) was a vote of confidence in his effectiveness in transforming the news giant. Overall, WBD ranks 6th on our list of best-performing stocks. While we acknowledge the potential of WBD, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WBD and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
S&P 500 Gains and Losses Today: FICO Shares Regain Ground After Recent Slump
The S&P 500 slipped 0.6% on Wednesday, May 28, ahead of semiconductor giant Nvidia's highly anticipated quarterly earnings release. Water solutions provider A.O. Smith's shares dropped after HVAC specialist Lennox announced a joint venture with Aris to enter the North American water heater market. Fair Isaac shares regained some of the heavy losses posted over the past week amid critiques from a top federal housing U.S. equities indexes ticked lower on Wednesday as investors awaited the afternoon's earnings results from artificial intelligence (AI) chip behemoth Nvidia (NVDA). The S&P 500 ended the day 0.6% lower. The Dow was also down 0.6%, while the Nasdaq fell 0.5%. After the bell, Nvidia reported sales topped analysts' expectations in the fiscal first quarter, but the company's earnings missed amid new export curbs. After posting the sharpest drop in the S&P 500 during the previous session, shares of credit score provider Fair Isaac (FICO) changed course on Wednesday, jumping 7.7% to log the top daily performance in the benchmark index. The stock has been under pressure over the past week following criticism of FICO's pricing structure by a top federal housing official, who singled out the cost of credit evaluations for potential borrowers as a major contributor to elevated mortgage origination expenses. Warner Bros. Discovery (WBD) shares gained 4.9% after reports that David Leavy would exit his role as the chief operating officer of the entertainment giant's cable news network CNN and return to the parent company. Before helping guide CNN through a transitional period over the past two years, Leavy was employed as WBD's chief corporate affairs officer. Shares of medical device firm Hologic (HOLX) added 2.5% on Wednesday, extending gains posted the prior day following reports that the company had rejected a buyout offer from two private equity firms. Although the take-private deal for the diagnostics equipment maker did not materialize, reports suggested that negotiations could continue. Shares of water heater and treatment solutions specialist A.O. Smith (AOS) plunged 6.3%. The decline in the stock came after heating, ventilation, and air conditioning giant Lennox International (LII) said it will jump into the water heater market in North America via a joint venture with Aris Water Solutions (ARIS). Analysts at Jefferies expressed concerns about A.O. Smith's market position in the wake of Lennox's announcement. Deckers Outdoor (DECK) shares slipped 4.3% on Wednesday. The stock has seen heavy volatility in recent sessions, tumbling Friday after the parent company of the Ugg and Hoka footwear brands withheld its full-year forecast, citing tariff concerns. Then on Tuesday, it regained ground following the holiday weekend, bolstered by a strong consumer sentiment report and an extended timeline for tariffs on imports from Europe. Shares of electric utility AES Corp. (AES) dropped 3.67% after Argus Research downgraded the stock to "hold" from "buy." Analysts pointed to the power generator's recent earnings report, noting that adjusted earnings per share (EPS) fell sharply year-over-year and came in below consensus forecasts. Although AES could benefit over the long term from the shift to more environmentally friendly power generation, the stock has been under pressure as the renewable energy industry faces an uncertain policy outlook. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
David Leavy To Depart As COO Of CNN, Will Return To Parent Warner Bros. Discovery
David Leavy is departing his position as chief operating officer of CNN Worldwide and will return to parent Warner Bros. Discovery. Mark Thompson, chairman and CEO of CNN, wrote that Leavy 'has decided to return to a role at Warner Bros. Discovery in the weeks ahead.' More from Deadline Hoda Kotb, In Return 'Today' Visit, Denies Rumors She Will Succeed Kelly Clarkson With Daytime Talk Show Donald Trump Says He Plans To Pardon Reality Stars Todd And Julie Chrisley C-SPAN Faces A Funding Crisis Amid Cord Cutting, Even As D.C.'s Drama Makes Its Mission Ever More Important Leavy has served as COO for the past two years, having previously served as chief corporate affairs officer for WBD. His move from WBD was announced in June, 2023, just before Chris Licht's tenure leading CNN came to an end. In the interim, Leavy and Amy Entelis, Virginia Moseley and Eric Sherling led the network, before Thompson's hire. 'David fell in love with CNN from the moment he walked in and has supported and championed our journalism and our great brand ever since,' Thompson wrote in a memo to staffers. 'He's always been a voice for change and confidence in the future.' Thompson wrote that Leavy would 'spend the next month or so ensuring a smooth transition.' Leavy wrote in a separate memo that his final day would be at the end of June. He wrote, 'When David Zaslav first called me about moving over to CNN, the initial plan was a six-month assignment, and that quickly turned into a multi-year drive to help the company pivot, transform and reposition itself for a new multiplatform future. I am so thankful for the opportunity, have learned a great deal, and hopefully made a small contribution by bringing some leadership, stability and collaboration to CNN during a challenging and disruptive period in its history.' Thompson wrote that, with Leavy's departure, the international commercial and revenue teams led by Phil Nelson, and the communications organization, led by Emily Kuhn, will now report to him. Sam Felix, senior VP of strategic partnerships and business development, also will report to Thompson. Variety first reported on Leavy's move. Best of Deadline 2025 TV Series Renewals: Photo Gallery 'Hacks' Season 4 Release Schedule: When Do New Episodes Come Out? Everything We Know About 'Hacks' Season 4 So Far
