TV-burdened WBD will struggle to cut the cord. Jennifer Saba. June 6, 2025 12:00 PM UTC Updated June 6, 2025 ... debt and leverage for Warner Bros Discovery is it spins out its TV assets.

Warner Bros. Discovery has been downgraded to BB+, or junk bond status, for 2025 and 2026 by S&P Global over linear TV weakness as the Hollywood studio continues to pivot to the streaming space.