$17 Billion Warner Bros Discovery Takes $9.1 Billion Impairment Charge on TV Cable Network Business after Loss of NBA Media Rights Deal with Total of $11.2 Billion Write-down & Charges for 2024 Q2, Share Price -39% YTD, -50% in Last 12 Months & -71% in Last 5 Years, Owns Brands Including CNN, HBO, Discovery Channel, Animal Planet & Cartoon Network 

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$17 Billion Warner Bros Discovery Takes $9.1 Billion Impairment Charge on TV Cable Network Business after Loss of NBA Media Rights Deal with Total of $11.2 Billion Write-down & Charges for 2024 Q2, Share Price -39% YTD, -50% in Last 12 Months & -71% in Last 5 Years, Owns Brands Including CNN, HBO, Discovery Channel, Animal Planet & Cartoon Network 

9th August 2024 | Hong Kong

Warner Bros Discovery ($17 billion market value) has taken a $9.1 billion impairment charge on its TV cable network business after loss of NBA media rights deal (NBA Basketball) with total of $11.2 billion write-down & charges for 2024 Q2.  Warner Bros Discovery share price is -39% YTD, -50% in last 12 months & -71% in last 5 years.  Warner Bros Discovery owns brands including CNN, HBO, Discovery Channel, Animal Planet & Cartoon Network.  Warner Bros. Discovery – Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. 

“ $17 Billion Warner Bros Discovery Takes $9.1 Billion Impairment Charge on TV Cable Network Business after Loss of NBA Media Rights Deal with Total of $11.2 Billion Write-down & Charges for 2024 Q2, Share Price -39% YTD, -50% in Last 12 Months & -71% in Last 5 Years, Owns Brands Including CNN, HBO, Discovery Channel, Animal Planet & Cartoon Network “

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Warner Bros. Discovery – Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. 

$17 Billion Warner Bros Discovery Takes $9.1 Billion Impairment Charge on TV Cable Network Business after Loss of NBA Media Rights Deal with Total of $11.2 Billion Write-down & Charges for 2024 Q2, Share Price -39% YTD, -50% in Last 12 Months & -71% in Last 5 Years, Owns Brands Including CNN, HBO, Discovery Channel, Animal Planet & Cartoon Network 

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