From CNBC: 2024-12-12 12:01:27

Warner Bros. Discovery announced a restructuring plan to separate its business into linear and streaming units, simplifying future consolidation. Shares increased by 15% in early trading. The global linear networks division will include networks like CNN, TBS, TNT, HGTV, and Food Network. HBO will be under the streaming unit. Comcast recently announced the spinoff of its cable networks. Warner Bros. Discovery plans to complete the restructuring by mid-next year. CEO David Zaslav prioritizes driving free cash flow and growth in the business.



Read more at CNBC: Warner Bros. announces restructuring into linear, streaming units