Warner Bros. Discovery saw a loss in the second quarter due to more than $1 billion in restructuring charges and continued investment in sports rights and content creation as the company tries to outmaneuver its rivals in both streaming and linear TV.
Combining the former WarnerMedia with the company once know as Discovery Communications took a lot of work. Executives at the newly combinedThe New York owner of HBO, Food Network and TNT said it saw a loss in the second quarter due to more than $1 billion in restructuring charges and continued investment in sports rights and content creation as the company tries to outmaneuver its rivals in both streaming and linear TV.
“We’re confident we’re on the right path to meet our strategic goals and really excel, both creatively and financially, and couldn’t be more excited about the future of our company,” said
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