CNN parent company Warner Bros. Discovery announced Monday that it will split into two publicly traded companies, cutting CNN off from the more profitable streaming business as the left-leaning network grapples with plummeting ratings.
CNN parent company Warner Bros. Discovery announced Monday that it will split into two publicly traded companies, cutting CNN off from the more profitable streaming business as the left-leaning network grapples with plummeting ratings.
The restructuring will create one company focused on streaming and studio content—including HBO, Warner Bros. Pictures, and DC Studios—and a second company, WBD Global Networks, which will house CNN, TNT Sports, Discovery, and other cable channels.
