CNN parent company takes huge revenue loss, oh no

CNN’s parent company has recently experienced a significant drop in advertising revenue. Warner Bros. Discovery has seen a 13 percent decline in advertising revenue in the most recent quarter as viewership has dropped along with consumer spending. Discussing the declining ad revenue, the CNN parent company cited “audience declines in domestic general entertainment and news networks and soft advertising markets mainly in the U.S. and, to a lesser extent, certain international markets” as the culprit.