Warner Bros. stock takes tumble after $9 billion impairment charge ...Middle East

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Shares in Warner Bros. Discovery took a massive dive this week after the company reported more than $9 billion in impairment charges as it struggles to shore up its financial health before the end of the year. WBD stock was down six percent in aftermarket trading on Wednesday, after it reported $9.1 billion in impairment charges including a loss of value on its linear television assets, Variety reported. The company also took another $2 billion hit in other charges. WBD owns media assets including CNN, TNT and DC Comics. The media conglomerate currently sits at a less than $19 billion market cap just two years after a mega merger with Discovery that came with a price tag of more

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