Warner Bros Discovery writes down TV assets by $9 billion amid uncertainty over fees, sports rights renewals

Warner Bros Discovery writes down TV assets by $9 billion amid uncertainty over fees, sports rights renewals

Warner Bros Discovery reported a $9.1 billion non-cash goodwill charge due to uncertainties around cable and sports fees, resulting in a $10 billion net loss for Q2. The shift to streaming and TNT’s failure to renew NBA rights contributed to declining TV reve…
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