LOS ANGELES " Warner Bros. Discovery's sluggish performance and $9 billion write-down in the value of its cable TV channels is rattling investors, sending the beleaguered company's stock on a steep slide. Shares fell as much as 11% in early trading Thursday after the company acknowledged during its second quarter earnings call that the expected loss of its NBA contract had negative ...
SOURCE: Hartford Courant at 06:00AM on August 9, 2024