Overview

• Warner Bros. Discovery announces a $9.1 billion write-down, partly due to losing NBA rights.
• Paramount Global reports a $5.98 billion overvaluation of its Viacom cable channels.
• AMC Networks reveals a $97 million impairment charge following a drop in stock value.
• Cord-cutting and declining viewership have severely impacted cable networks' revenue and valuations.
• Despite the losses, cable networks continue to generate substantial profits, supporting other business segments.