Massive Write-Downs Signal Cable TV's Decline

Warner Bros. Discovery, Paramount Global, and AMC Networks report significant devaluation of cable assets amid shifting media landscape.

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.