As Linear TV Loses Revenue, WBD Takes A $ 9.1 Billion Write Down
WBDWarner Bros. Discovery(WBD) Forbes·2024-08-10 01:45

In their second quarter esrnings report David Zaslav, President and CEO of Warner Bros. Discovery ... [+] announced the media company would be taking a $9.1 billion write-down with the cable networks. Cable television have been losing subscribers, viewers and revenue. In an effort to retain the media rights, the WBD is suing the NBA, a partnership that began in 1988. (Photo by Kevin Dietsch/Getty Images)Getty ImagesDuring their second quarter earnings report on August 7, Warner Bros. Discovery announced an ...