Warner Bros. Discovery said it expects to incur as much as $4.3 billion in pretax restructuring charges through 2024
Warner Bros. Discovery Inc. said it expected to incur as much as $4.3 billion in pretax restructuring charges through 2024, the result of a cost-cutting effort following the combination earlier this year of Discovery Inc. and AT&T Inc.’s WarnerMedia unit.
The majority of the charges—between $2 billion and $2.5 billion—are tied to restructuring the company’s content operations, including writing down the value of some content and killing off projects that were in development, Warner Bros. Discovery said in a securities filing Monday. The company is expected to report third-quarter earnings Nov. 3.
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