S&P Lowers Outlook For Warner Bros Discovery | Business Matters (August 16)
S&P has lowered its outlook on Warner Bros Discovery to "negative." the ratings company cited declines in Warner's cable TV business for the decision. The cable TV business brings in about half of Warner Bros Discovery's revenue, and it has been seeing a slump in ad dollars amid cord-cutting by consumers. The situation could worsen with the potential loss of broadcast rights for the National Basketball Association games.