Warner Bros. Discovery Takes $11.2B Hit to Balance Sheet, Including $9.1B Charge for Massive Drop in TV Network Values ...Middle East

Warner Bros. Discovery reported its second-quarter 2024 earnings Wednesday, which included a $9.1 billion charge related to the devaluation of the companies TV networks, and an overall $11.2 billion hit to the company’s balance sheet. The $9.1 billion goodwill impairment charge, which is a non-cash, pre-tax figure, comes after an asset reevaluation that accounted for […]

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