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Shares of Warner Bros. Discovery slid more than 8% Wednesday to near all-time lows after the media conglomerate — heavily reliant on its pay-TV business — recorded a whopping $11.2 billion in impairment charges, including a $9.1 billion write-down reflecting the loss of value of several of its linear television networks. In after-hours trading, WBD […]
The post Warner Bros. Discovery Stock Crumples After Huge Q2 Impairment Charge appeared first on The Kerplunk.
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