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Warner Bros Discovery will split into two companies: one for streaming and studios, the other for cable TV like CNN.
The new business has shows like Succession. Global Networks will have CNN. This change is after a merger in 2022.
Shares fell 3%. Experts say the split helps investors. Other companies, like Comcast, are also separating their streaming and TV businesses.
Warner Bros Discovery will split into two companies: one for streaming and studios, the other for cable TV like CNN.
The new business has shows like Succession. Global Networks will have CNN. This change is after a merger in 2022.
Shares fell 3%. Experts say the split helps investors. Other companies, like Comcast, are also separating their streaming and TV businesses.