this post was submitted on 16 Jul 2024
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WBD down 67% yoy, layoffs incoming, BankOfA wants sell off of assets (lemmy.world)
submitted 4 months ago* (last edited 4 months ago) by reddig33@lemmy.world to c/television@lemmy.world
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Not since AOL Time Warner has there been such a boondoggle of media mergers. Way to go Zaslav!

https://www.reuters.com/business/media-telecom/warner-bros-discovery-rises-after-bofa-says-possible-sale-assets-likely-2024-07-16/

https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-explore-strategic-options-1235949753/

https://variety.com/2024/tv/news/warner-bros-discovery-lays-off-1000-employees-finance-max-1236074169/

https://www.msn.com/en-us/money/news/warner-bros-discovery-should-explore-a-potential-sale-or-strategic-alternatives-bank-of-america-says/ar-BB1q6Bq9

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[–] ____@infosec.pub 1 points 3 months ago

Good for equity. Bad for company debt.

Can't imagine that this was planned to work out exactly this way...