Warner Bros. expands board amid activist pressure, WSJ reports

Warner Bros. Discovery (WBD) is adding Anton Levy, who recently stepped down as co-president of General Atlantic, following pressure from activist Sessa Capital, Jessica Toonkel and Lauren Thomas of Wall Street Journal report, citing people familiar with the matter. Sessa Capital, which built a roughly 1% stake in the company, has been pushing it to add new board members and move faster on restructuring its business in the hopes that it might spin off or sell its cable networks, people close to the situation told the paper.

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