Warner Bros. Discovery writes down value of TV assets by $9B: ‘Final nail in the coffin’
![Warner Bros. Discovery writes down value of TV assets by $9B: ‘Final nail in the coffin’](https://nypost.com/wp-content%2Fuploads%2Fsites%2F2%2F2024%2F08%2Fwarner-bros-earnings.jpg?quality%3D90%26strip%3Dall%261723057337)
An impairment charge, stemming from a reassessment of the assets’ value since the merger of WarnerMedia and Discovery, contributed to a $10 billion net loss for the quarter.