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Warner Bros Discovery bondholders approve debt deal as break-up looms
- Warner Bros. Discovery announced plans to split into two separate companies focused on studios and streaming versus legacy cable assets including CNN.
- This decision follows struggles after the 2022 merger that created a $25 billion company whose shares have declined 60% since then.
- The cable-focused entity faces heavy debt and declining cash flow, while studios and streaming units led by CEO David Zaslav retain growth priorities.
- Fitch recently downgraded Warner Bros. Discovery's debt to junk status and forecasted 2025 as a peak year for streaming subscribers amid consumer cost pressures.
- The split could sharpen business focus but risks creating smaller, less diversified companies amid CNN's ratings and revenue declines, with major layoffs expected.
13 Articles
13 Articles
Warner Bros. Discovery To Split Its Operations Into Separate Entities By 2026 – What It Means For DC Studios And Company Debt
Batman (Robert Pattinson) demands answers from The Penguin (Colin Farrell) in The Batman (2022), Warner Bros. Pictures After reports and some radio chatter, figuratively, Warner Bros. Discovery is moving ahead with the breakup of its operations into separate functioning brands. These brands will be in the same family but work autonomously with their own directors as two publicly traded companies. Superman (David Corenswet) saves a driver from c…
NEW: CNN's Future In Doubt After Parent Company's 'Telling Move'
CNN’s future is now in serious question after Warner Bros. Discovery (WBD) announced a stunning decision to break up its media empire, leaving CNN behind in a division many see as a corporate dumping ground. The company revealed plans to split into two separate publicly traded entities by mid-2026: one focused on streaming and studios (like HBO and Max), and the other—called “Global Networks”—housing CNN, TNT, TBS, Discovery, and other legacy ca…
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