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Friday, March 29, 2024

Warner Bros. Discovery CEO Finding A Lot Of Skeletons In The Financial Closet

Warner Bros. Discovery just announced a much larger than previously reported write-down on its library content, putting some investors on edge. In an SEC filing, the company goosed its estimated impairment on content charge from $2.0-$2.5 billion to $2.8-$3.5 billion. Total pretax restructuring …

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