Tue, 10 Jun 2025

Tue, 10 Jun 2025 CNN and HBO owner to split cable and streaming businesses

The media giant will separate its studio and streaming business away from its cable TV networks.

* The new Streaming & Studios company will include HBO Max's hit shows such as Succession and The Last of Us, Warner Bros' film division, and be headed by David Zaslav.
* Global Networks will comprise CNN, Discovery, TNT Sports, and other traditional cable TV brands, led by chief financial officer Gunnar Wiedenfels.
* Analysts see the split as a way to make each company's value easier to determine.
* The move follows Comcast's decision to spin off its NBCUniversal cable arm last year.
* Warner Bros Discovery's stock fell 3% on Monday, with shares down over 10% this year.
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