Combining the former WarnerMedia with the company once know as Discovery Communications took a lot of work. Executives at the newly combinedThe New York owner of HBO, Food Network and TNT said it saw a loss in the second quarter due to more than $1 billion in restructuring charges and continued investment in sports rights and content creation as the company tries to outmaneuver its rivals in both streaming and linear TV.
“We’re confident we’re on the right path to meet our strategic goals and really excel, both creatively and financially, and couldn’t be more excited about the future of our company,” said
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: