Warner Bros. Discovery stock plunges as movie flops ‘The Color Purple,’ ‘Aquaman’ sink earnings

Warner Bros. Discovery on Friday reported worse-than-expected quarterly earnings — due in large part to box office flops from its movie studio — sending the media giant’s shares plummeting more than 9% in midday trading. The David Zaslav-run company — which along with Warner Bros. studios, owns CNN, TNT and streaming service Max — reeled...