Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
Warner Bros. Discovery(WBD) CNBC·2024-12-12 15:27President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023.Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation.Shares of WBD were up roughly 15% in early trading Thursday.The company's new global linear networks division will house its networks of news, sports, scripted and unscrip ...