Louis Silver to Step Down as TNT Sports Chairman; David Burns Appointed Leader of Global Sports Group
WBD Warner Bros. Discovery Inc
$30.97 +0.10%
View chart & analysis → 
- 1Louis Silver will depart as Chairman and CEO of TNT Sports following the merger of Paramount Skydance and Warner Bros. Discovery.
- 2CBS Sports President and CEO David Burns will lead the newly formed Global Sports Group.
- 3David Burns must determine the sports portfolio to repay Skydance's approximately $80 billion debt over the coming years.
So what's the key point?
The leadership of TNT Sports is changing due to the merger of the companies. The new leader must decide on the direction of the sports business to repay $80 billion in debt.
Source CNBC · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.