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Melting Ice Cube
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Melting Ice Cube

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The Credit Strategist
Aug 07, 2024
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Melting Ice Cube
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Warner Brothers Discovery (WBD) is turning into a melting ice cube. The company announced this afternoon a $9.1 billion non-cash write down of its television networks, a terrible sign of how severely the value of legacy media is deteriorating. The company will try to downplay this but the merger between Warner and Discovery is turning out worse than …

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