CNN Effectively Worthless After Parent Warner Bros Takes $9.1 Billion Writedown.

Jim Costa
Aug 8, 2024
1 min read

Tyler Durden . . . . . . . . Article

“Two years ago market valuations and prevailing conditions for legacy media companies were quite different than they are today. This impairment acknowledges this and better aligns our carrying values with our future outlook.”

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CNN Effectively Worthless After Parent Warner Bros Takes $9.1 Billion Writedown.

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