Warner Bros. Discovery (WBD) Series A Stock: Standard General CNN Talks, Netflix Deal vs Paramount Bid, and Analyst Forecasts on Dec. 18, 2025
Warner Bros. Discovery, Inc. — the media group behind HBO, HBO Max, Warner Bros. Pictures, DC Studios, and cable brands including CNN — is once again at the center of an M&A-driven market storm. On Dec. 18, 2025, a fresh report that hedge fund Standard General is in talks to invest in (or potentially buy) parts of WBD’s networks business added a new layer to an already complex showdown between Netflix and Paramount Skydance. Reuters For investors, this is no longer a straightforward “media turnaround” story. The publicly traded Warner Bros. Discovery Series A common stock (NASDAQ: WBD) is trading