Saturday, September 23, 2023
HomeFinanceWarner Bros. Discovery warns of as much as $4.3 billion in restructuring...

Warner Bros. Discovery warns of as much as $4.3 billion in restructuring charges


Warner Bros. Discovery Inc.

 said it expected to incur as much as $4.3 billion in pretax restructuring charges through 2024, the result of a cost-cutting effort following the combination earlier this year of Discovery Inc. and AT&T Inc.’s

WarnerMedia unit. 

The majority of the charges — between $2 billion and $2.5 billion — are tied to restructuring the company’s content operations, including writing down the value of some content and killing off projects that were in development, Warner Bros. Discovery said in a securities filing Monday. The company is expected to report third-quarter earnings Nov. 3.


Source link


Most Popular

Recent Comments