Warner Bros. Discovery marriage hurt by high debt, low morale

wsj

5 min read . Updated: 03 Nov 2022, 07:10 PM IST JOE FLINT, The Wall Street Journal

REUTERS

Merger created streaming-media giant, but leveraging company’s assets has been tough in a competitive market

David Zaslav declared it a “bright shiny day’’ after the deal to merge his cable programming juggernaut Discovery Inc. with AT&T Inc.’s WarnerMedia unit closed last April.