David Zaslav

Warner Bros. Discovery cuts value of TV assets by $9 billion: ‘the final nail in the coffin’

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Warner Bros. Discovery said on Wednesday it wrote down the value of its television assets due to uncertainty over fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in extended trading. The film and entertainment studio, which owns sports network TNT and streaming service Max, recorded a $9.1 … Read more

Cartoon Network website goes dark amid Warner Bros. moves Discovery to reduce costs

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Cash-bleeding media giant Warner Bros. Discovery, pulled the plug on Cartoon Network’s website. The David Zaslav-led company — which on Wednesday reported a huge net loss of nearly $10 billion, driven by a stunning $9.1 billion write-down for a decline in the value of its cable TV networks — redirected visitors to cartoonnetwork. com to … Read more