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Owner of NCAA Men's Basketball Contract Puts Itself Up For Sale

WBD's studio business could be attractive to another studio owner, streaming or tech company

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OCTOBER 22, 2025 | composed by STEVE ULRICH
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🗞️ In Today’s Playbook. Owner of NCAA Men's Basketball Contract Puts Itself Up For Sale. Luther’s Chris Norton Perseveres in Making Lives Better. 2024-25 NCAA Division III Report. The Great Pumpkin (Regatta)

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TOP STORY

1. Owner of NCAA Men's Basketball Contract Puts Itself Up For Sale

“Warner Bros. Discovery, the owner of HBO, CNN, TBS, TruTV and other streaming and studio businesses, said Tuesday it is putting itself up for sale.

In a press release, the company announced "a review of strategic alternatives to maximize shareholder value," which is Wall Street speak for a sale. Warner Bros. Discovery (WBD) said it had recently received "unsolicited interest" from "multiple parties for both the entire company and Warner Bros." alone.

The move comes as the media industry has continued a yearslong consolidation effort sparked in part by changes in consumer habits, most notably the rise of internet-based competitors such as Netflix and the decline in cable TV viewership.”

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