
Last week, I got the disappointing news straight from the horse’s mouth, so to speak, when the CEO of Warner Bros. Discovery called to discuss earnings with investors. The gist? Not so great. You see, this media giant, home to powerhouses like HBO and CNN, reported a whopping quarterly loss of a staggering $9.98 billion, with the majority of that loss stemming from their traditional TV business. It’s no secret that streaming has become the go-to for many viewers these days, and it seems this shift might be taking its toll on traditional TV models like Warner Bros. Discovery’s.