Lillian Rizzo

Lillian Rizzo covers media, sports and other business news for CNBC. She joined CNBC in August 2022 after nearly nine years at The Wall Street Journal, where she covered media, bankruptcy and private-equity deals. She also previously worked at Debtwire and the New York Daily News. Lillian has a bachelor's degree from Baruch College and has a master's degree from Columbia University's Graduate School of Journalism.

98%

The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

98%

Examples:

  • Lillian Rizzo covers media, sports and other business news for CNBC.
  • She joined CNBC in August 2022 after nearly nine years at The Wall Street Journal, where she covered media, bankruptcy and private-equity deals. She also previously worked at Debtwire and the New York Daily News.

Conflicts of Interest

98%

Examples:

No current examples available.

Contradictions

92%

Examples:

  • Free cash flow served as a bright spot in the quarter with the metric soaring to $390 million, beating Bloomberg consensus expectations of $239 million.
  • Streaming advertising revenue jumped to $175 million, beating Bloomberg estimates of $157 million and up 70% from the $103 million the company reported in the year-ago period.
  • ]The Boston Celtics could fetch the highest price in pro sports history.[/
  • The company reported first quarter earnings that missed expectations on both the top and bottom lines, with free cash flow jumping amid aggressive cost cutting.
  • The company's direct-to-consumer (DTC) streaming business added 2 million Max subscribers in the quarter, ahead of Bloomberg consensus expectations of 1.25 million.
  • The DTC division was also profitable in the quarter at $86 million, a $36 million year-over-year improvement.
  • The studios business struggled despite high-profile movies like 'Dune 2', with underperforming games like 'Suicide Squad: Kill the Justice League.'
  • Warner Bros. Discovery is hopeful to reach an agreement with the NBA for media rights negotiations, which currently includes the right to match any other offers before a decision is made.

Deceptions

98%

Examples:

No current examples available.

Recent Articles

Paramount Global: The Media Powerhouse Behind Blockbuster Films

Paramount Global: The Media Powerhouse Behind Blockbuster Films

Broke On: Monday, 08 July 2024 Paramount Global unveils its media empire, producing hit films like those in their blockbuster collection.
Boston Celtics Up for Sale: Wyc Grousbeck-Led Group Sells NBA Franchise for Estimated $4 Billion

Boston Celtics Up for Sale: Wyc Grousbeck-Led Group Sells NBA Franchise for Estimated $4 Billion

Broke On: Monday, 01 July 2024 The Boston Celtics, a historic NBA franchise with a record 18 championships and a fan base that rivals other US professional sports teams, is up for sale with an estimated value of $4 billion. Wyc Grousbeck's family initiated the sale process due to estate planning considerations. Potential buyers include John Henry of Fenway Sports Group and various private equity funds, with media rights negotiations ongoing. The sale is expected to be completed by 2025.
Netflix and Amazon Make Their Mark at the Evolving Upfronts Week: A Shift from Broadcast to Streaming

Netflix and Amazon Make Their Mark at the Evolving Upfronts Week: A Shift from Broadcast to Streaming

Broke On: Tuesday, 14 May 2024 Netflix and Amazon made their debut at the annual Upfronts week, showcasing the growing dominance of streaming services in television viewing. With sports as a major draw due to limited scripted content, traditional broadcasters adapted to the shifting landscape by incorporating digital distribution and targeted advertising.
Warner Bros. Discovery Falls Short of Sales and Earnings Expectations in Q1 2024: Lower TV Ad Sales, Movie Studio Struggles, and NBA Media Rights Negotiations

Warner Bros. Discovery Falls Short of Sales and Earnings Expectations in Q1 2024: Lower TV Ad Sales, Movie Studio Struggles, and NBA Media Rights Negotiations

Broke On: Thursday, 09 May 2024 Warner Bros. Discovery Inc., the parent company of CNN and other media properties, reported lower-than-expected Q1 2024 sales and earnings due to challenges in movie studios and TV divisions, with revenue decreasing by 7% to $9.96 billion and adjusted EBITDA falling 20% to $2.1 billion.