Warner Bros. Discovery Takes $9.1 Billion Impairment Charge Over Linear TV Networks

Warner Bros. Discovery reported its Q2 earnings Wednesday with a $ 9.1 billion non-cash impairment charge, or write-down, on its TV linear networks division. The company also saw an additional $ 2.1 billion in merger costs, for a combined $ 11.2 billion hit to its balance sheet. Food Network, HGTV, Discovery, CNN, TNT, TBS, Cartoon Network and Adult…
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