It looks bad because of the write down. Basically because of them losing the NBA rights, they had to say that their linear networks are not worth as much as theyy thought and so they need to write off a loss per accounting principles.
In reality, their operating profit i.e. how much money they actually make from their business, was a 1.8 billion. They also brought down their debt by 1.8 billion.
That's not to say it was a good quarter, but they are far from having to declare bankruptcy