Warner Bros increases debt buy-back scheme by $750m

Warner Bros announced last month it was closing Newshub. (Image: Alex Burton)

Wed, 15 May 2024

(Bloomberg) – Warner Bros. Discovery Inc increased an offer to buy back debt from investors by US$750 million as part of a plan to slash its debt and interest expenses.The owner of CNN and HBO is repurchasing as much as $2.5 billion (NZ$4.1b) of bonds, according to a Tuesday release, after announcing a $1.75b offer last week. The buyback is just the latest the media company has launched in the past year, including an offer in June and another in August.The 2022 merger of AT&T Inc’s WarnerMedia and Discovery Inc left the fi...

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