Warner Bros. Discovery reportedly mulls breaking up media giant to boost sagging stock
WBDWarner Bros. Discovery(WBD) New York Post·2024-07-18 23:10

Warner Bros. Discovery, the parent company of CNN and HBO, is reportedly weighing a plan to split its digital streaming and studio businesses from its legacy television networks in order to boost its sinking share price — just two years after the mega-merger.WBD boss David Zaslav — who announced another round of layoffs this week that will slash 1,000 jobs — has examined several strategic options, ranging from selling assets to spinning off the company’s Hollywood studio Warner Bros. and its Max streaming s ...