Earlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company's long relationship with the National Basketball Association. Now, he may be setting the stage to end his relationship with U.S. sports, altogether.WBD announced Monday it's splitting itself into two companies — a concept CNBC first reported had picked up steam in April. One company, temporarily called Streaming and Studios, will consist of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, ...

Media & entertainment stock Warner Bros Discovery Inc (NASDAQ:WBD) was last seen up 10.1% at $10.81, 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 ...

Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming.Warner Bros. Discovery will separate into Streaming and Studios, which will include its movie properties and streaming service HBO Max, and Global Networks, which will include CNN, TNT Sports and Discovery, among other businesses.CEO David Zaslav will take on that post in the Streaming and Studios company. Current ...