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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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TV Station Group Tegna Warns of "Uncertain" Ad Impact of Virus Crisis
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hollywoodreporter.comTV station group Tegna on Monday said that "the full impact of the COVID-19 pandemic, particularly with regard to the broader advertising industry, remains uncertain" and suspended its full-year 2020 guidance. "We continue to carefully monitor business impacts and to be diligent in implementing cost saving measures to reduce expenses and reducing non-critical capital expenditures," the company, which has 62 stations in 51 markets and reaches 39 percent of all U.S.
households, also said. "We continue to implement prudent capital structure management and focus on managing our costs." About its financial state, Tegna said it ended March with $35 million in cash and had unused capacity under a revolving credit facility of more than $700.
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