Reported about 13 hours ago
Warner Bros Discovery has announced a major restructuring, splitting into two publicly traded companies to separate its streaming and studio operations from its declining cable television assets. This strategic move aims to enhance competitiveness in the streaming market by focusing on key properties like HBO Max and Warner Bros while allowing the cable segment, which includes networks like CNN, to operate independently. The separation is expected to be completed by mid-2026 and will involve holding most of the company’s debt within the cable networks unit.
Source: YAHOO