@reddig33 to Television • edit-22 months agoWBD down 67% yoy, layoffs incoming, BankOfA wants sell off of assetsmessage-square2arrow-up117arrow-down13file-text
arrow-up114arrow-down1message-squareWBD down 67% yoy, layoffs incoming, BankOfA wants sell off of assets@reddig33 to Television • edit-22 months agomessage-square2file-text
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
minus-square@[email protected]linkfedilink1•2 months agoGood for equity. Bad for company debt. Can’t imagine that this was planned to work out exactly this way…
Good for equity. Bad for company debt.
Can’t imagine that this was planned to work out exactly this way…