The company recently reported a $9.1 billion impairment charge tied to its networks division, which includes Cartoon Network, TNT, and TBS. A sluggish advertising market was cited as a ...

Cartoon Network is owned by Warner Bros. Discovery, a media giant that oversees several other networks, including TNT, TBS, and Boomerang. The channel was founded by Betty Cohen and launched on ...

The move comes months after WBD took a $9.1 billion write-down on its own book value to reflect the diminishing value of its channels, including TNT, CNN, Cartoon Network and TBS. A write-down ...