Warner Bros. Discovery forecasts steeper charges related to acquisition

Warner Bros. Discovery on Wednesday said it expected to take bigger charges related to its acquisition of AT&T's WarnerMedia, as it tries to pare down operations. The recently combined company - the parent of HBO, CNN and other channels - said in a filing that it expects pretax restructuring charges of $4.1 billion to $5.3 billion, including $2.8 billion to $3.5 billion of content-impairment and development write-offs. Those figures are up from prior estimates of $3.2 billion to $4.

1 billion to $5.3 billion, including $2.8 billion to $3.5 billion of content-impairment and development write-offs. Those figures are up from prior estimates of $3.2 billion to $4.3 billion in restructuring charges, with content-impairment and development write-offs of roughly $2 billion to $2.5 billion.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warner Bros. Discovery Sets New Global Consumer Products LeadershipThe Warner Bros. Discovery Global Brands and Experiences division unveiled the global leadership for its consumer products business, formalizing the marriage of legacy Warner Bros. and Discovery operations You can get a J.B. bobble head doll. It nods whenever Zas talks.
Source: DEADLINE - 🏆 109. / 63 Read more »