Warner Bros Discovery moving towards splitting company, CNBC reports

Quick Summary:

Warner Bros Discovery is moving towards a potential breakup, CNBC reported on Thursday, as media companies explore options for their struggling cable TV businesses and sharpen focus on their faster-growing streaming and studios divisions.

WBD laid the groundwork for a possible sale or spinoff of its declining cable TV assets in December by announcing a separation from its streaming and studio operations.

Revenue at the TV networks segment, which includes CNN, Discovery Channel and Animal Planet, fell 7 per cent in the quarter.

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Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Streaming Bros Discovery Quarter Company Revenue Million Billion Cent Cable Warner

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 19:14:35 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28495251

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