Warner Bros Discovery, the parent company of CNN and HBO Max, announced a split into two separate entities by mid-2024. One company will focus on streaming and studios, encompassing HBO Max's successful shows and the film division. The other will concentrate on traditional cable networks like CNN and Discovery, addressing declining viewership in the cable sector. This restructuring aims to enhance competitiveness in the evolving media landscape, following the 2022 merger that formed Warner Bros Discovery.

Prepared by Christopher Adams and reviewed by editorial team.