write down

The company also took a $9 billion write-down on the value of its cable channels, including TNT.

Discovery took a $9-billion write-down for its basic cable channel group.

Discovery took a $9-billion write-down of the value of its basic cable networks group.

Late last week, Paramount alerted investors that it took a $6-billion write-down on its cable television networks business, in yet another sign that Hollywood is reckoning with the ongoing deterioration of the traditional television business.

Discovery’s sluggish performance and $9-billion write-down in the value of its cable TV channels is rattling investors, sending the beleaguered company’s stock on a steep slide.