Warner Bros. Discovery shares fall due to second-quarter costs
Warner Bros. Discovery shares fell more than 8% to an all-time low on Wednesday after the media conglomerate – which relies heavily on its pay-TV business – took $11.2 billion in impairment charges, including a $9.1 billion write-down due to…
Warner Bros. Discovery suffers $9 billion loss for TV networks, maximum subscriber count rises
Warner Bros. Discovery reported its second-quarter 2024 earnings on Wednesday, which included a $9.1 billion charge related to the write-down of the company’s TV networks and an overall charge to the company’s balance sheet of $11.2 billion. The $9.1 billion…
