Warner Bros. Discovery Stock Crumples to Near All-Times Lows After Huge Q2 Impairment Charge

Shares of Warner Bros. Discovery slid nearly 10% Wednesday, nearing all-time lows after the media conglomerate — heavily reliant on its pay-TV business — recorded a whopping $9.1 billion write-down reflecting the loss of value of several of its linear television networks. In after-hours trading, WBD shares were down as low as $6.96 per share. […]