WBD Sees $2.9 Billion Q1 Loss On M&A Charges Including Termination Fee Paramount Paid Netflix

Warner Bros. Discovery posted a whopping $2.9 billion first quarter loss that will likely be a one-time accounting blip, it hopes, since it includes the $2.8 billion termination fee that Paramount paid Netflix to swap places on the merger board. WBD said the “amount is refundable to PSKY in certain circumstances, such as the termination […]

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