Warner Bros. Discovery announced the media giant will divide into two new publicly traded companies, with one consisting of its cable networks such as CNN and TNT Sports and the second consisting ...

Warner Bros. Discovery, the film and TV colossus behind HBO and CNN, announced on Monday that it would cleave itself into two companies, becoming the latest entertainment conglomerate to unshackle ...

The new company will be led by Discovery CEO David Zaslav. It's a major deal that allows AT&T to undo one of the largest media acquisitions in history: the 2016 purchase of Time Warner for $109 ...