Warner Bros. Discovery Shares Plunge To New Low After Earnings, Write-Down

Shares of Warner Bros. Discovery fell sharply this morning, touching all time lows well under $7 after disappointing quarterly earnings after market close yesterday that included a massive write-down at its networks division. The stock fell to$6.73, a low. It's trading down more than 12% at $6.76 right now. The company missed most Wall Street forecasts in its numbers yesterday and posted an enormous loss after a$9.1 billion impairment charge to account for slipping advertising and uncertainty around sport ...