Warner Bros in dire financial state

(Image: NZME)

Thu, 01 Aug 2024

The dire state of Warner Bros Discovery’s New Zealand finances has been laid bare – a massive $138 million loss in 2023, including a $79.5 million impairment.The media company’s finances, released on Thursday, paint the starkest picture yet as to why it was forced to close Newshub last month – with the loss of almost 300 jobs.The financial documents reveal WBD’s giant United States parent company has committed to a minimum of 12 months of further financial assistance. The company's future after that may w...

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