Warner Bros. Discovery Splits Cable and Streaming Businesses in Major Restructure

The reorganization aims to enhance flexibility for potential mergers and acquisitions while addressing challenges in the shifting media landscape.

Warner Bros. Discovery (WBD) announced plans to divide its operations into two distinct units: Global Linear Networks for cable TV and Streaming & Studios for digital platforms and film production.
The move is designed to improve strategic flexibility, allowing the company to explore potential mergers, acquisitions, or spinoffs in the evolving media industry.
This restructuring follows a $9.1 billion writedown earlier this year on the value of its cable networks, reflecting the declining profitability of traditional TV channels.
WBD's stock surged over 13% following the announcement, with Wall Street viewing the changes as a step toward unlocking shareholder value.
The company expects to complete the reorganization by mid-2025, positioning itself alongside competitors like Comcast and Disney, which are also reevaluating their cable TV assets.