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Warner Bros Discovery announced its plan to split into two publicly traded companies, one focusing on its streaming and studios business and the other on television networks, including CNN and Discovery. This strategic move aims to unlock shareholder value and enhance competitiveness amid the evolving media landscape, following a similar decision by Comcast. CEO David Zaslav will lead the streaming division, while CFO Gunnar Wiedenfels will head the global networks, both retaining their roles until the separation is finalized by mid-next year.
