Warner Bros. Discovery says it overpaid for its TV networks by $9 billion

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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. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement 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. Here's a more concrete way of acknowledging that: WBD just took a $9 billion accounting hit because it has concluded that its aging TV assets aren't worth nearly as much as it thought — perhaps because they won't have NBA games to show after the next season. For context, WBD's entire market cap is around $18 billion. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .