Warner Bros. Discovery Takes $9.1 Billion Balance Sheet Hit for Massive Drop in TV Network Values

Warner Bros. Discovery reported its second-quarter 2024 earnings Wednesday, which included a $9.1 billion charge related to the devaluation of the company’s TV networks. The $9.1 billion goodwill impairment charge, which is a non-cash, pre-tax figure, comes after an asset reevaluation that accounted for the difference between the “fair value” and “book value” of the […]