David Zaslav sells $30 million in Warner Bros. Discovery stock

David Zaslav, CEO of Warner Bros. Discovery, sold over $30 million in company stock this week, according to a SEC filing. He sold 2.56 million shares at an average price of $11.73 on December 16. This sale is Zaslav's first since the 2022 merger of WarnerMedia and Discovery Communications. He still owns 3.45 million shares. The stock has declined nearly 6% this year but has seen recent price increases. Warner Bros. Discovery announced a restructuring into two divisions: studios and streaming, and cable networks. The company has faced challenges with its linear TV assets, contributing to a 41% drop in stock value since the merger.