Jim Cramer on Warner Bros. CEO: “David Zaslav Has Been Doing A Lot to Reorganize the Company”

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks in Jim Cramer’s game plan for this week. Cramer discussed the company CEO’s actions during the episode and commented:

“Next, I want to hear from Warner Bros. Discovery in the morning because CEO David Zaslav has been doing a lot to reorganize the company and pay down debt. This stock’s been moving up as we’re getting more facts about the impending breakup, and the balance sheet improves.”

Jim Cramer on Warner Bros. CEO: "David Zaslav Has Been Doing A Lot to Reorganize the Company"

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Warner Bros. (NASDAQ:WBD) is a media and entertainment company that produces and distributes film, television, and streaming content, and offers pay-TV, gaming, and licensed experiences. When a caller asked about the stock during a May episode, Cramer said:

“Here’s my feeling, all right, David Zaslav runs Warner Brothers Discovery. He’s done the first thing absolutely right. He has made that balance sheet to be palatable. Now he just has to break out of the hell that is Linear and be thinking about all the new exciting things that could be done. I want you to stay long on those couple hundred. I would even be tempted, dare I say…. I would actually buy the stock. That’s right. I would buy Warner Brothers Discovery. I’m willing to stick my head out and see what happens.”

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Disclosure: None. This article is originally published at Insider Monkey.