The ratings agency said the move reflected its expectation that Warner Bros Discovery's debt levels would stay high as the traditional TV declines weigh on...
- S&P lowered its outlook on Warner Bros Discovery on Friday to "negative" from "stable", citing declines in the media company's cable TV business due to a tough advertising market and cord-cutting.
The ratings agency said the move reflected its expectation that Warner Bros Discovery's debt levels would stay high as the traditional TV declines weigh on the company's cash flow.Longest jail terms for UK disorder handed down as prosecutors pursue riot charges Two men on Friday received the longest jail sentences yet over the recent widespread violent disorder in Britain, as prosecutors charged another man with the more serious offence of rioting and said further charges were likely to follow. A 48-year-old man was jailed for six years for a number of offences including racially aggravated criminal damage and violent disorder in Hull, northeast England, on Aug. 3.
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