Warner Bros. Discovery (NASDAQ: WBD) has attracted a lot of unflattering attention since it parted ways with AT&T back in April. Its first two quarterly reports as a stand-alone company were disappointing, and it scrapped several high-profile projects -- including CNN+ and the $90 million Batgirl film -- to cut costs and streamline its business.

Those strategies support CEO David Zaslav's plans to merge HBO Max and Discovery Plus into a single streaming platform, but critics believe that is recklessly tossing out a lot of babies with the bathwater. The lack of clear communication between Zaslav and WBD's investors regarding those cost-cutting measures also raises additional red flags for its future.

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Source Fool.com