The troubled tenure of David Zaslav continues over at Warner, with tons of negative attention focused on them as Warner Bros. Discovery has its Q2 earnings call. One of the most damning revelations from this is that the company has had to devalue some of its major linear networks, including Food Network, Discovery, CNN, HGTV, TBS, TNT, Cartoon Network/Adult Swim, and several more channels. This results in a $9.1 billion “goodwill impairment charge,” which writes off so-called “worthless” intangible assets.
#DontStreamOnMax trends as Warner Bros. gives more curious announcements during their Q2 earnings call. Read More