Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial

Shares of Warner Bros Discovery rose more than 6 per cent on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it explored strategic options, including a potential sale.

The loss-making media conglomerate has been reeling from the effects of subdued advertising in the U.S. and certain international markets. The fallout of last year’s Hollywood strikes have also impacted the company’s studio segment.

Warner...