Warner Bros. Discovery, under CEO David Zaslav, is actively involved in media rights negotiations for the NBA, with potential competition from NBC. Zaslav has praised the NBA and TNT's broadcast quality. However, there is concern that Warner Bros. may lose these rights, which could affect the company's stock and its ability to prevent carriage drops, as discussed in the LightShed Podcast, Ep. 208. Despite these challenges, Forbes still rates Warner Bros. Discovery's stock as a buy. The upcoming earnings report is anticipated to shed more light on these developments, as investors are keenly watching the outcomes.