Warner Bros. Discovery announced Monday that it will split into two companies by separating its studios and streaming business from its cable TV networks. The parent company of HBO and CNN is splitting into two firms to help it better compete in streaming, as the move is expected to give WBD's streaming unit more room to scale up its content production without being weighed down by the declining cable networks within the company.Warner Bros. Discovery CEO David Zaslav will lead the streaming and studios bus ...