Warner Bros. Discovery faces gloomy post-NBA future as company takes $9.1 billion charge

Date:

August 7, 2024

Warner Bros. Discovery reported a $10 billion loss during the second quarter — a biproduct of a massive charge it booked as viewers retreat from traditional TV and the company deals with a potential future without Natioanl Basketball Association games.

Source link

Journey keyboardist asks judge to resolve deadlock with band's lead guitarist

The 10 Best Barrier Repair Creams to Protect and Heal Your Skin

Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Warner Bros. Discovery faces gloomy post-NBA future as company takes $9.1 billion charge

Recent posts

Harley-Davidson’s stock down 2% as lowered guidance offsets earnings beat

Silver’s scarcity factor is helping it catch up to gold’s record run

Disneyland reaches tentative labor agreement with union workers, avoiding strike

Intuit stock rises on upbeat full-year forecast amid a pivot toward AI

Harris, Trump campaigns compete on child tax credit ahead of key speech

Oil prices lifted by report Iran may be planning another major strike on Israel

Consumer sentiment improves for third straight month, as expectations for the economy brighten

Norfolk Southern CEO change brings stability but governance questions linger, says analyst

Dollar General asks shareholders to reject investment firm’s stock-purchase offer

Hurricane Milton drives gas demand in Florida, with 16% of stations out of fuel

Biden officials tout grants to retool factories for EVs, including in swing states

Spirit Airlines lowers revenue estimates as it faces more competition, capacity challenges

Under Armour’s ‘affinity for the underdog’ helps send stock toward record gain

Levi Strauss stock falls, as new campaign with Beyoncé outweighed by subdued sales forecast

5 stock-market takeaways as Biden sees ‘incredible pressure’ to step aside after debate

Related articles

Biden needs to push through promised student-loan relief before Trump returns to White House, powerful Democrat warns

Why natural-gas prices have rallied 18% this week to a one-year high

Here’s Larry Summers’ advice to Trump on the economy and Elon Musk

Trump’s choice of Dr. Oz to oversee Medicare and Medicaid could be ‘devastating’ for millions of Americans

Buy gold after its pullbacks — because it may hit $3,000 in 2025

Bitcoin sits near record high. More good news for investors: It’s now less volatile.

RFK Jr. may start a food and drug ‘culture war.’ Investors are running for cover.

Here’s what bond and gold traders are signaling about Russia’s nuclear shift

Company

Follow us