Warner Bros Discovery, Inc WBD will likely incur $3.2 billion – $4.3 billion in pretax restructuring charges through 2024 from a cost-cutting effort following the merger of Discovery Inc and AT&T Inc’sTWarnerMedia unit.
Most of the charges of $2.0 billion – $2.5 billion were likely related to restructuring the company’s content operations, including writing down the value of some content and killing off projects in development.
The new management struggled to accomplish its commitment of $3 billion in cost savings through the merger of Discovery with WarnerMedia, the Wall Street Journal reports.
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