Reported 2 days ago
Warner Bros Discovery has announced it will separate its declining cable TV operations, such as CNN, from its streaming and studio divisions to prepare for a sale or spinoff. This restructuring aims to improve investment clarity and is expected to be completed by mid-2025, coinciding with a broader industry trend as more consumers choose streaming over traditional cable. With shares rising over 15%, analysts suggest this change could lead to significant synergies with potential buyers like Comcast, despite concerns about the company's substantial debt.
Source: YAHOO