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Warner Bros Stock Surges on Company Split
WBDWarner Bros. Discovery(WBD) Schaeffers Investment Research·2025-06-09 23:05

Media & entertainment stock Warner Bros Discovery Inc (NASDAQ:WBD) was last seen up 10.1% at 10.81,afterthecompanyannounceditwillsplitintotwopubliclytradedcompaniesbynextyear.CEODavidZaslavwillheadthestreamingandstudioscompany,whichwillcontainHBOMax,whileCFOGunnarWiedenfelswillbecomeCEOoftheglobalnetworksbusiness,whichincludesCNN,TNTSports,andDiscovery.Today′spophasWarnerBrosstockbreakingaboverecentpressureat10.81, after the company announced it will split into two publicly traded companies by next year. CEO David Zaslav will head the streaming and studios company, which will contain HBO Max, while CFO Gunnar Wiedenfels will become CEO of the global networks business, which includes CNN, TNT Sports, and Discovery.Today's pop has Warner Bros stock breaking above recent pressure at 10, trading at its highest level since ...