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Warner Bros. Discovery plans to break itself into two next year, undoing Discovery's $43 billion purchase of Warner Bros.
Since then, Warner Bros. Discovery has cut thousands of employees, projects and other expenses to pay down the enormous debt to finance the 2022 merger. The company’s cable channels were hit ...
According to Warner Bros. Discovery, the majority of the debt load — standing at $34 billion in net debt as of the end of March — will remain with the linear TV company.
At the end of March, Warner Bros. Discovery had gross debt of $38.0 billion, which is comprised of “total debt” ($37.4 billion) and financial leases ($535 million).
Warner Bros. Discovery Inc. was downgraded to junk by Moody’s Ratings, cementing the media giant as a fallen angel just years after it sold one of the biggest high-grade bond deals on record.
Warner Bros. Discovery will divide into two companies by next year, ending the media conglomerate’s quest to create an all-in-one TV, film and streaming behemoth that could overtake Netflix and ...
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