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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Before NBCU Considered Spinning Off Cable Networks, It Shut Many Down

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variety.com

Brian Steinberg Senior TV Editor Unlike its rivals, NBCUniversal long ago developed a healthy fear of zombies. Not the shambling, undead kind that lurch around trying to eat brains, but rather the media variety: “Undead” cable networks that long ago gave up all hopes of cultivating audiences around the clock and instead run only a few hours of original programming, coupled with seemingly endless repeats of TV favorites, like “Ridiculousness” (MTV); “Fear Factor” (HLN); or “Seinfeld” (Comedy Central).

Paramount Global and Warner Bros. Discovery, two of the bigger owners of these cable-network wraiths, haven’t had much to show for keeping them up and running.

Indeed, Warner in August unveiled a massive $9.1 billion write-down of its TV assets, citing business headwinds as well as the projected loss of its lucrative agreement with the NBA to show games on its cable networks.

Paramount Global followed suit, revealing a $5.98 billion impairment charge as it prepared for its acquisition by Skydance Media.

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