Warner Discovery Separates Cable Television From Streaming and Studio Businesses

Warner Bros Discovery is the latest multinational conglomerate to split its business and plans to separate its studios and streaming business from its struggling cable television networks.   Warner Bros. Discovery is splitting into two independent, publicly traded entertainment companies, separating the streaming service HBO Max, its film studio, and television production from the cable networks. One company will house CNN, TNT, TBS, and Warner's dozens of cable channels, as well as its international holdings. This company, temporarily named...