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Warner Bros. Discovery to split into two companies, dividing cable and streaming services
NEW YORK (AP) — Warner Bros. Discovery will split into two public companies by next year, calving off cable operations from its streaming service as the number of people “cutting the cord” brings with it a sustained upheaval in the entertainment industry.
Communications-services companies fell slightly as traders awaited updates on inflation and trade negotiations. Warner Bros. Discovery plans to split itself into two stand-alone publicly traded ...
Warner Bros. Discovery Inc. shareholders delivered a stinging rebuke to CEO David Zaslav's leadership on Tuesday.
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