Warner Bros. Discovery's beleaguered shares surged briefly on Monday's news. But throughout the day, gains were erased and Warner Bros. Discovery's stock traded down 3% to about $9.50 a share.

Warner Bros. Discovery will split into two public companies by next year, carving off cable operations from its streaming service.. Warner Bros. Discovery said Monday that Streaming & Studios will ...

According to Warner Bros. Discovery, the majority of the debt load — standing at $34 billion in net debt as of the end of March — will remain with the linear TV company.

It’s been barely four days since Warner Bros. Discovery announced its plan to carve up the company anew, and we already have some idea of what the strategy looks like behind splitting it into ...

Warner Bros. Discovery CEO David Zaslav will see his pay package take a haircut after the proposed separation of the company next year — although WBD also just granted him stock options that ...

Warner Bros. Discovery said it expects to complete the tax-free spinoff by mid-2026. The move follows several other major television companies taking steps to spin off their declining cable ...

Warner Bros. Discovery Inc.'s plan to spin off television channels like CNN, TNT and Food Network from its studio and streaming businesses is causing angst in the bond market, with a big selloff ...

Warner Bros. Discovery is not the only media company resorting to separation. Comcast is in the process of off-loading much of NBCUniversal’s cable portfolio into a separate, publicly traded ...

Warner Bros. Discovery shares are down 60 percent since AT&T’s WarnerMedia and Zaslav’s Discovery Inc. merged in April 2022. The stock fell nearly 3 percent Monday, closing at $9.53.

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 ...