Wall Street analysts are bullish the move could pave the way for M&A and bring the industry a step closer to rationalization ...

Warner Bros. Discovery will carve off cable operations from its streaming service, creating two independent companies as the ...

Warner Bros. Discovery (WBD), the corporate parent of CNN and one of the largest media conglomerates in the country, plans to split its business into two separate and public companies as part of a ...

Warner Brothers Discovery announced Monday that it would split into two companies as it seeks to better position itself for ...