Warner Bros. Discovery, the parent company to Atlanta-based cable channels such as CNN, TBS and TNT, plans to split into two publicly traded companies, largely parting its television networks from its streaming business.

Confusion over how the media giant plans to restructure its debt following a spinoff of cable channels like CNN and TNT have rattled the market for its bonds.

Warner Bros. Discovery on Wednesday hired Guy Griggs, one of the chief members of The New York Times' sales team, to be CNN's senior vice president of ad sales and client partnerships. Griggs will spearhead sales for all things news from WBD in his new role,

Guy Griggs is jumping from one news giant to another. Griggs, currently vice president of national sales for New York Times Co., will join Warner Bros. Discovery’s CNN later this month as its new senior vice president of ad sales and client partnerships,

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.

An accidental discovery in an astronomy show offers researchers a new clue about the mysterious Oort Cloud, a large expanse of icy bodies revolving around the sun.

The move, which reallocates assets such as HBO Max and CNN, is the latest reflection of how streaming is remaking a media business in which Warner Brothers Discovery and other legacy players traditionally garnered considerable revenues from "bundled" cable ...

Viewers tuning in to see George Clooney star in Good Night, and Good Luck live on CNN were surprised to recognize another actor in the production.