One company -- tentatively called Global Networks -- will hold familiar cable channels like CNN, TBS and TNT as well as Discovery+ streaming service.
The new Streaming & Studios company will include DC Studios and HBO, while Global Networks will include CNN and TNT.
CNBC's David Faber joins 'Squawk Box' to report on the latest news from Warner Bros. Discovery.
The entertainment company will separate its streaming and studios business from its cable channels, including CNN and TNT.
Warner Bros. Discovery plans to split into two public companies by next year.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
EXCLUSIVE: Nearly twelve months on from its last round of layoffs, Warner Bros. Discovery is initiating another round of cuts. Deadline understands that the company is set to layoff employees on the cable television side of its business.
Warner Bros. Discovery shareholders don't think CEO David Zaslav has earned a raise.
The board had recommended shareholders to vote in favor of the 2024 executive compensation; however, more than 59% of them rejected the proposal on a non-binding basis.
Warner Bros. Discovery's 5% YTD decline contrasts with streaming momentum.
Warner Bros. Discovery (WBD) has been one of the stocks most watched by Zacks.com users lately.
Warner Bros. Discovery, Inc. (NASDAQ:WBD ) MofafettNathanson 2025 Media, Internet & Communications Conference May 15, 2024 3:10 PM ET Company Participants Gunnar Wiedenfels - Chief Financial Officer Conference Call Participants Robert Fishman - MoffettNathanson Robert Fishman So thank you.