...and to think the Warner Bros (along with their division New Line Cinema) had a brilliant year with both Harry Shit Potter AND Lord of the Rings doing very very well.
You often have to ask yourself what those morons must have been thinking when they announced the much debated merger in the first place, the combined company shares have never gone up, I don't suppose they'd ever consider _sacking_ anyone of course.
The money was lost because the AOL/Time Warner merger overvalued the company by $54 billion. This money doesn't exist anymore, so they are "writing it off".
Overvalued by the GDP of Hungary, New Zealand or Pakistan. That's a big mistake, but I'm pretty certain they can handle it.
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