Warner Bros. Discovery to split
Digest more
Hours after CEO David Zaslav announced Warner Bros. Discovery was spinning off its networks business, Chuck Lorre joked he has submitted a bid.
The film and television giant will turn its cable networks, including CNN and TNT, into one company and its streaming and studios business into another.
Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.