Warner Bros Discovery stock hit a 52-week low on Tuesday after a Wall Street Journal report suggested the media giant might lose out on a bid to continue airing National Basketball Association games.

David Zaslav famously said in 2022 that Warner Bros. Discovery doesn’t “have to have the NBA.” It appears Wall Street disagrees.

Just when you think things can't get worse for Warner Bros. Discovery, the stock finds a way to plumb new depths. Investors seemed disappointed in the

Warner Bros. Discovery, which owns Turner Sports, is in jeopardy of losing one of its prized possessions: the NBA. According to a report by The Wall Street Journal, Comcast  (CMCSA), which owns NBC, has made an offer to acquire a share of the broadcasting rights for the NBA in a deal worth $2.

NBC may be about to pick Warner Bros. Discovery’s pocket. It is not a secret that the network has long wanted to get back into the basketball business. After losing the NBA ’s broadcasting rights to ESPN in 2002,