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Why Warner Boss Zaslav Is Having to Split Up the Media Empire He Built
The studio and cable conglomerate that David Zaslav created couldn’t overcome outside forces and massive debt.
Warner Bros. Discovery Breakup Cues Hollywood’s Latest Succession Drama As Two New Companies Take Shape
Monday's news that Warner Bros. Discovery is splitting into two companies has fueled chatter about which execs will end up leading the new entities.
“Majority” of Warner Bros. Discovery’s $37 Billion in Debt Will Be Spun Off With TV Networks, Its CEO Says
At the end of March, Warner Bros. Discovery had gross debt of $38.0 billion, which is comprised of “total debt” ($37.4 billion) and financial leases ($535 million). The 2022 merger of WarnerMedia (owned by AT&T) and Discovery, Inc. created more than $50 billion of debt.
Warner Bros' credit rating downgraded to junk by Fitch on split-up
Credit ratings agency Fitch Ratings on Wednesday downgraded Warner Bros Discovery to junk status following the company's announced split-up earlier this week, as investors weigh the deal's likely impact on holders of its debt.
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