Warner Bros. Discovery Stock Jumps on Plan to Split TV Business From Streaming Studios

KEY TAKEAWAYSWarner Bros. Discovery became the latest media giant hit by the rise of cord-cutting and streaming to announce a restructuring, with plans to split its TV business from its streaming and film studios.On Thursday, Warner Bros. Discovery said it will create two distinct operating divisions, one focused on global linear TV and the other housing its global streaming platform and film studios.Warner Bros. Discovery stock jumped over 13% in early trading Thursday following the news. Warner Bros. Disc ...