The owner of CNN and HBO Max, Warner Bros Discovery, says it will split into two companies by the middle of next year.

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WBD on Monday confirmed plans to spin off the company's cable networks unit from its streaming and studios business.

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Warner Bros Discovery said on Monday it would split into two companies, separating its studios and streaming business from ...

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Warner Brothers Discovery announced on Monday that it would split into two companies as it seeks to better position itself for the streaming era amid declines in the conventional cable business.

Warner Bros. Discovery is restructuring, creating separate entities for its streaming and cable operations to better align with media consumption trends and to strengthen each division's focus.