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- Traditional TV, as you may have heard, is a business in decline.
- Here's another data point: WBD says its TV assets are worth $9 billion less than it thought just two years ago.
- That's not great. But Wall Street isn't that surprised: It reached this conclusion a while ago.
Last month executives at Warner Bros. Discovery floated the idea of breaking the company up — a tacit acknowledgement that the 2021 deal to merge Discovery with the company formerly known as Time Warner has been a bust.