Why the Great Purge of 2022 may (finally) be over for HBO Max. TVMoJoe reports
are being shelved because WBD is taking advantage — one last time — of special circumstances related to the merger of the former WarnerMedia and Discovery Networks. Long story short, there are legal rules and regulations allowing a company like WBD to write down costs incurred as part of a post-merger restructuring — but only for a short amount of time.
What’s weird about this week is that a few months ago, it was assumed WBD had gone through its books and found all possible cost savings related to the merger.
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