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GarlVinland4Astrea t1_j9tmuq0 wrote

Reply to comment by vitorgrs in Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble by Neo2199

What you are missing that others are pointing out is that WB was in such bad shape that it didn't matter if Discovery was involved.

  1. If it stays with AT&T it's such a big loss that they start similar cutdowns.
  2. If they find a non Discovery buyer, AT&T are folding debt into the sale and the buyer would assume that and still have to make cut downs.

There was no third option where WB doesn't have significant debt and doesn't need a massive overhaul. As others have said, companies that could have taken on the debt, didn't want it. It was just mismanaged for years. When everybody loved HBO Max, they were basically burning money as fast as they could and everyone knew it.

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