Shares of several U.S. entertainment companies including Fox Corp and Warner Brothers Discovery Inc were dragged down on Friday by a dispute between media heavyweight Disney and cable provider Charter Communications over television distribution fees. Disney on Thursday night blocked its cable channels, including ESPN and ABC, from being shown on Charter's Spectrum network after the two companies failed to secure a distribution agreement.
CNN on Wednesday named media executive Mark Thompson as chief executive and chairman of the news unit of Warner Brothers Discovery Inc. Thompson is credited.