Warner Bros. Discovery (WBD) has taken a significant hit with a $9.1 billion write-down due to declining revenue in linear TV. This comes as the company struggles to adapt to changing viewer habits and increasing competition from streaming services. Despite this setback, WBD reported a revenue increase with its streamer Max, which now boasts over 103 million subscribers.

Source: https://www.forbes.com/sites/bradadgate/2024/08/09/as-linear-tv-loses-revenue-wbd-takes-a--91-billion-write-down/