Warner Bros. Discovery to split cable TV networks from streaming, Hollywood studios

Warner Bros. Discovery is splitting into two separate companies — a dramatic shakeup that will create one division focused on streaming and Hollywood blockbusters and the other on cable TV and global networks.The company is trying to adapt to a world where cable TV is fading fast and streaming is king.One company — tentatively called Global Networks — will hold familiar cable channels like CNN, TBS and TNT as well as international assets and the Discovery+ streaming service. 4 Warner Bros. Discovery CEO D ...