Why Warner Bros. Discovery Stock Was Sliding Today

Problems continue to pile up for the entertainment giant. Shares of Warner Bros. Discovery (WBD -7.78%) were plumbing new depths today after the entertainment giant posted another disappointing earnings report in its second quarter. As a result, the stock was down 8.9% at 12:34 p.m. ET. Warner Bros. is still broken Warner Bros. Discovery has been struggling since the business was formed through a merger in 2022. It is burdened with billions of debt and facing headwinds from the decline of linear media. Thos ...