Los Angeles Times

Paramount Global takes $6-billion write-down. Layoffs to hit 15% of staff

Paramount Global on Thursday reported it took a $6-billion write-down on its cable television networks business, in yet another sign that Hollywood is reckoning with the ongoing deterioration of the ...
Variety

Paramount Takes $5.98 Billion Write-Down on Cable Networks in Q2 Tied to Skydance Deal While Streaming Turns First Profit

Paramount Global said its looming merger with Skydance Media spurred a goodwill impairment charge of $5.98 billion in its second quarter, the latest warning sign for a media industry that is seeing ...
The New York Times

Warner Bros. Discovery Takes $9 Billion Write-Down on Cable Networks

David Zaslav, the company’s chief executive, said the accounting change was an acknowledgment of the pressures facing traditional media. By Benjamin Mullin Warner Bros. Discovery, the parent company ...
Reuters

Berkshire takes $3.8 billion Kraft Heinz write-down, operating profit falls

Uncertain economics contributed to Kraft Heinz write-down Operating profit down 4%, net income down 59% Stock has lagged after Buffett said he would step down Berkshire also reported a 4% decline in ...