Warner Bros. Discovery Stock Plummets 31.85% as August 28 Volume Slides to 287th in Market Activity

On August 28, 2025, Warner Bros. Discovery (WBD) recorded a trading volume of $370 million, a 31.85% decline from the previous day, ranking 287th in market activity. The stock closed down 0.78%.

Warner Bros. Discovery announced the appointment of Brad Singer as chief financial officer of the future Warner Bros. entity following the company’s planned split into two publicly traded entities by mid-2026. Singer, a finance veteran with prior roles at Discovery Communications and ValueAct Capital, will assume a strategic role in October 2025 before formally taking the CFO position post-separation. His tenure at Discovery Communications included overseeing the 2008 IPO and board roles at Motorola Solutions and Rolls-Royce.

The restructuring involves splitting WBD into a streaming and studios-focused Warner Bros. division—encompassing HBO, DC Studios, and HBO Max—and a global networks entity housing CNN, TNT Sports, and Discovery+. Current CEO David Zaslav will lead the new Warner Bros. entity, while CFO Gunnar Wiedenfels will helm the networks business. Both will retain their current roles until the split’s completion, subject to regulatory approvals.

The appointment reflects the company’s strategy to streamline operations ahead of the separation. Singer’s expertise in financial restructuring and market transitions, including his prior work at Discovery Communications, positions him to manage Warner Bros.’ financial strategies during the transition. Zaslav emphasized Singer’s track record in driving value creation and adapting to evolving consumer trends.

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