) stock is dropping further in Thursday pre-market trading hours after reporting second quarter earnings results. While missing revenue estimates , the media company'sdetails WBD's earnings call and the media giant's latest issues as it fights to retain its streaming rights deal with the NBA.Second quarter results showing that it took a $9.1 billion impairment charge related to its TV Networks unit.
Also the difference between the companys market cap and book value along with continued softness in the USA market. Key bank analyst Brandon, this be he reiterated his out perform rating on shares maintained is $11 price target and says he believes that things are unlikely to get worse at this point.But the streaming side of the business is doing pretty well so far.
So you know, there's there's positive catalyst in the future, especially if you think about that sports streaming JJ V the bundling opportunities.I know and we, I mean, we have paramount after the Belt today. And you talked to talk about that impairment charge and that's really at the heart maybe of some of that confusion or maybe unknown at this point as to what exactly the direction looks like.
8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code 1. KEY INFORMATION Full name of discloser:Rathbones Group Plc Owner or controller of interests and short positions disclosed, if different from 1: The naming of nominee or vehicle companies is insufficient. For a trust, the trustee, settlor and beneficiaries must be named.
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