Reported about 1 month ago
Warner Bros. Discovery has announced its plan to split into two separate publicly traded companies, with one focusing on its movie and television production, HBO, and streaming services, while the other will manage its cable channels like CNN and Discovery. This decision comes as a recognition of the unsuccessful merger that created the company three years ago, with the aim to attract investors in the streaming sector, which has been growing amidst a decline in traditional TV. The separation is expected to be completed by mid-2026, and strategies are in place to allocate the existing debt more effectively between the two entities.
Source: YAHOO