Warner Bros. Discovery to Take up to $4.3 Billion Charge in Q3, Including up to $2.5 Billion in Content Write-Offs

Warner Bros. Discovery, trying to get its balance sheet in order, said it will incur approximately $3.2 billion to $4.3 billion in pre-tax restructuring charges for the third quarter. The media company, which resulted from the merger of Discovery and WarnerMedia earlier this year, disclosed expected ranges for the charges in an SEC filing Monday. […]