Warner Bros Discovery to split TV‑networks and streaming businesses
Warner Bros Discovery (WBD) announced today it will separate into two publicly traded companies by mid‑2026: The move aims to sharpen strategic focus, increase flexibility, and maximize shareholder value—mirroring similar industry trends by Comcast and others. The split requires board approval and comes after WBD’s cable revenue declined and debt concerns grew—though shares jumped ~9–10% in…