Published On: Thu, Aug 8th, 2024

WBD Takes $9.1B Impairment Charge as NBA Hopes Fade

Warner Bros. Discovery’s failure to secure a renewal with the NBA has already begun to have a disruptive impact on operations, as the company today disclosed that it has taken written down the value of its TV assets to the tune of a massive $ 9.1 billion goodwill charge. According to WBD’s second quarter earnings statement, …

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