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Warner Bros Discovery stock falls on merger concerns and downgrade
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Analysts remain bullish on Warner Bros. Discovery despite turmoil
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Warner Bros. Discovery’s stock dropped on Wednesday after it reported a $9.1 billion write down on its TV networks and missed analyst estimates on revenue. Revenue for Warner Bros. Discovery’s TV networks — a portfolio that includes TBS, TNT, Discovery and TLC — was down 8% to $5.272 billion during the second quarter, with both distribution and advertising revenue down in the segment. | CNBC
1:11
Warner Bros. Discovery’s stock dropped on Wednesday after it reported a $9.1 billion write down on its TV networks and missed analyst estimates on revenue. Revenue for Warner Bros. Discovery’s TV networks — a portfolio that includes TBS, TNT, Discovery and TLC — was down 8% to $5.272 billion during the second quarter, with both distribution and advertising revenue down in the segment. | CNBC
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Discovery and WarnerMedia merge, creating one of the largest U.S. media companies
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Paramount Skydance eyes takeover bid for Warner Bros. Discovery: report
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