An impairment charge, stemming from a reassessment of the assets’ value since the merger of WarnerMedia and Discovery, contributed to a $10 billion net loss for the quarter.
Warner Bros. Discovery writes down value of TV assets by $9B: ‘Final nail in the coffin’
Latest from Blog
Exclusive early Prime Day sale on the Amazon Fire TV Cube at 38% off
This deal is fire! Post Views: 0
DOJ takes down sick $14.6 billion healthcare fraud scheme that saw patients given ‘unecessary’ procedures
The operation, which the department called the largest healthcare fraud takedown in its history, collared 324 defendants, including members of transnational criminal groups and American doctors and pharmacists. Post Views: 0
Kelly Ripa took ‘very indecent photos’ in front of David Muir portrait at ABC studio
On their talk show Tuesday, Ripa proclaimed that she and husband Mark Consuelos “have unfettered access to David in this building.” Post Views: 0
Bethenny Frankel mocks Jeff Bezos and Lauren Sánchez’s $50M wedding: ‘I could not stay silent!’
“Ok, I’ve been diplomatic about the wedding and I happen to love Lauren Sánchez and I also adore Amazon so I am treading lightly,” Frankel said. Post Views: 0
Bella Thorne’s quirky Topanga villa lists for $4 million — complete with eye-popping floral installation
Bella Thorne’s playful Mediterranean retreat is on the market, florals included. Post Views: 0