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Warner Bros. Discovery will split into two public companies by next year, calving off cable operations from its streaming service as the number of people “cutting the cord” rises.

Warner Bros. Discovery will split into a Streaming & Studios business with HBO and DC Studios, while Global Networks will include CNN and Discovery.

Warner Bros. Discovery (WBD), the corporate parent of CNN and one of the largest media conglomerates in the country, plans to split its business into two public companies as part of a larger effort… ...

Warner Bros. Discovery is splitting into two separate companies — one focused on streaming and Hollywood blockbusters and the other on cable TV and global networks.

Warner Bros. Discovery said it would split into two publicly traded companies, one focused on streaming and the other on traditional TV ...

The separation is expected to be completed next year, splitting the company into two: one focused on streaming and content production. The other will be focused on traditional television, Variety ...

Warner Bros. Discovery WBD 0.54% is splitting itself into two stand-alone publicly traded entertainment companies, separating its HBO Max streaming service, movie studio and TV production business ...

Warner Bros. Discovery announced early Monday morning plans to split its media entities into two public companies by next year.

WBD CEO David Zaslav will become president and CEO of Streaming & Studios, with CFO Gunnar Wiedenfels in charge of Global Networks.

Warner Bros Discovery will split into two companies as Streaming & Studios will separate from Global Networks.