Confusion over how the media giant plans to restructure its debt following a spinoff of cable channels like CNN and TNT have ...

By Dawn Chmielewski and Matt Tracy (Reuters) -Warner Bros Discovery bondholders overwhelmingly approved a plan to split the ...

Creditors of Warner Bros. Discovery ( NASDAQ: WBD) have agreed to a debt deal that would allow the media company to split into two, according to a Wall Street Journal report from Monday.

Warner Bros. Discovery Inc. was downgraded to junk by Moody’s Ratings, cementing the media giant as a fallen angel just years ...

Warner Bros. Discovery announced Monday that it will split into two companies by separating its studios and streaming business from its cable TV networks. The parent company of HBO and CNN is ...

By Etan Vlessing Canada Bureau Chief Warner Bros. Discovery has been downgraded to BB+, or junk bond status, for 2025 and 2026 by S&P Global over linear TV weakness as the Hollywood studio ...

Warner Bros. Discovery reportedly is slashing 1,000 jobs as the struggling media giant faces calls to sell off assets that include ratings-challenged CNN. The layoffs, which began earlier this ...

S&P downgraded Warner Bros. Discovery to BB+ amid continued revenue and cash flow declines at its linear TV operations. Anything BB+ and below is junk bond status for the giant ratings agency.

The selloff in stocks is spreading to junk bonds, hitting lower-rated corporate debt. A bond due 2030 that online furniture vendor Wayfair recently issued near par, or at close to 100 cents on the ...

The downgrades result in Warner Bros. Discovery becoming a "fallen angel," the term for companies whose bonds are reduced from investment grade to junk. Much of Wednesday's selloff was likely ...