What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to provide investors with unaudited pro forma condensed combined financial statements. These statements present the financial performance of Discovery, Inc. and Scripps Networks Interactive, Inc. as if their acquisition had been completed at the beginning of the reporting period (January 1, 2018), offering a view of the combined entity's historical results.

Are the financial statements in this filing the actual historical results of WBD?

No, the financial statements are unaudited pro forma condensed combined statements. They are not the actual historical financial results of Warner Bros. Discovery, Inc. or Discovery, Inc. for the year ended December 31, 2018. Instead, they are hypothetical statements designed to show how the combined company would have performed if the acquisition of Scripps Networks Interactive had occurred earlier.

Where can I find more detailed information about the acquisition and its financial impact?

This filing directs investors to future SEC filings, specifically mentioning a Form S-4 registration statement which will contain a prospectus. Investors are advised to read this prospectus when it becomes available, as it will contain important information. Additionally, the company's other filings with the SEC, which can be obtained free of charge, will provide further details.

What risks should investors be aware of regarding these pro forma statements?

Investors should be aware that these pro forma statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties. Actual results could differ materially due to market conditions and other risks associated with the company's business, as detailed in the company's Annual Report on Form 10-K filed on March 1, 2019. The company also notes that it has no obligation to update these forward-looking statements.

WBD 8-K SEC Disclosure

Summary

This 8-K filing from Warner Bros. Discovery, Inc. (WBD), filed on March 4, 2019, provides unaudited pro forma condensed combined financial statements as if the acquisition of Scripps Networks Interactive, Inc. (Scripps) by Discovery, Inc. had occurred on January 1, 2018. These pro forma statements offer investors a clearer view of the combined entity's financial performance for the year ended December 31, 2018, reflecting the significant integration of the two companies. Investors should note that these statements are presented for informational purposes and are based on preliminary assumptions, and actual results may differ due to various business risks. The filing also includes cautionary language regarding forward-looking statements and directs investors to additional information that will be filed with the SEC, including a Form S-4 registration statement containing a prospectus. This emphasizes the ongoing nature of regulatory filings and disclosures related to the combination and its financial reporting.

Key Highlights

1Unaudited pro forma condensed combined financial statements for the year ended December 31, 2018, are presented, combining Discovery, Inc. and Scripps Networks Interactive, Inc.
2The pro forma statements reflect the acquisition of Scripps by Discovery, accounted for as a business combination, as if it occurred on January 1, 2018.
3These financial statements are intended to provide investors with a more comprehensive understanding of the combined entity's financial operations.
4The filing includes a cautionary note about forward-looking statements and the potential for actual results to differ from projections.
5Investors are advised to review the preliminary purchase price allocation and other estimates within the pro forma statements.
6Additional important information will be made available through future SEC filings, including a Form S-4 registration statement and prospectus.
7The company disclaims any obligation to update forward-looking statements to reflect changes in expectations or circumstances.

Warner Bros. Discovery, Inc. 8-K Report, Corporate Update (Mar 4, 2019)

Summary

Key Highlights

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