Warner Discovery CEO David Zazloff Faces Financial Challenges

Warner Discovery CEO David Zazloff is encountering financial difficulties as the company's overall sales have fallen 7%, streaming subscribers in the US declined, and TV ad revenue dropped significantly. The company's movie studio had a disappointing quarter with underperforming movies. Despite the challenges, Zazloff and his CFO managed to reduce the company's debt by approximately $15 billion to $40 billion through cost-cutting measures and restructuring. However, the company's stock plummeted by 10% to an all-time low, losing over 65% of its value since going public. The metric for revenue, free cash flow, has increased, which is crucial for managing the debt.