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This Media Giant Is in a Downward Spiral

TheMotleyFool

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This Media Giant Is in a Downward Spiral: https://g.foolcdn.com/editorial/images/787004/watching-market-crash-through-floor.jpg

Warner Bros. Discovery (NASDAQ: WBD) seems to have a good position in streaming. Its HBO shows are hits, and there's plenty of sports and other content to make a compelling service. But the business is bleeding money and losing the NBA. Travis Hoium shows why the company is already in a downward spiral in this video.

*Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024.

Source Fool.com