{"id":88984,"date":"2024-08-08T01:26:58","date_gmt":"2024-08-08T05:26:58","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88984"},"modified":"2024-08-08T01:32:15","modified_gmt":"2024-08-08T05:32:15","slug":"warner-bros-discovery-stock-falls-as-it-writes-down-9-1-billion-misses-estimates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2024\/warner-bros-discovery-stock-falls-as-it-writes-down-9-1-billion-misses-estimates.html","title":{"rendered":"Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates"},"content":{"rendered":"\n<p>(CNBC) The company\u2019s shares were down roughly 9% in aftermarket trading. Warner Bros. Discovery on Wednesday\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/s201.q4cdn.com\/336605034\/files\/doc_earnings\/2024\/q2\/earnings-result\/WBD-2Q24-Earnings-Release.pdf\" target=\"_blank\">reported<\/a>\u00a0the non-cash goodwill impairment charge, which was triggered by the reevaluation of the book value of the TV networks segment. The book value was higher than the market value as traditional TV networks continue to see customers flee and advertisers are opting to spend on digital and streaming instead.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/08\/07\/warner-bros-discovery-wbd-earnings-q2-2024.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The company\u2019s shares were down roughly 9% in aftermarket trading. Warner Bros. Discovery on Wednesday\u00a0reported\u00a0the non-cash goodwill impairment charge, which was triggered by the reevaluation of the book value of the TV networks segment. The book value was higher [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88984","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88984"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88984\/revisions"}],"predecessor-version":[{"id":88985,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88984\/revisions\/88985"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}