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Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
It is split into four regional hubs: Warner Bros. Discovery Asia-Pacific, Warner Bros. Discovery EMEA, TVN Warner Bros. Discovery (Poland), [130] and Warner Bros. Discovery Americas. TNT Sports is the brand name used for sports-related divisions of the company.
Warner Bros. Discovery stock, which has been gaining ground in recent weeks after falling to a low of about $6 a share earlier this year, jumped 15.4% on the news to $12.49.
Warner Bros. Discovery hopes a split will lead to a better chance of making it whole. ... Why Trump Media stock skyrocketed 94.9% in 2024 and is climbing higher in 2025. Finance.
Time Warner Entertainment (26%, with Time Warner Inc.): Comcast sold its 26% stake to Time Warner Inc. (now Warner Bros. Discovery) in 2003. TV One: 50% joint venture with Radio One, which acquired Comcast's stake in 2015
(Reuters) -Warner Bros Discovery said on Thursday it would separate its declining cable TV business from the growing streaming and studio operations, laying the groundwork for a potential sale or ...
Warner Bros. Discovery. Warner Bros. Discovery is an American multinational mass media and entertainment conglomerate based in New York City. The company works in the following areas: film, television, cable networks and publishing operations. The following is a list of major assets that are owned by Warner Bros. Discovery.
UPDATED: Shares of Warner Bros. Discovery slid more than 12% in early trading Thursday to all-time lows after the media conglomerate — heavily reliant on its pay-TV business — announced a ...