Shares of Warner Bros. Discovery slid more than 8% Wednesday to near all-time lows after the media conglomerate — heavily reliant on its pay-TV business — recorded a whopping $11.2 billion in impairment charges, including a $9.1 billion write-down reflecting the loss of value of several of its linear television networks. In after-hours trading, WBD […]
© 2020-23 Digest Wire. All rights belong to their respective owners.