CNN, streaming and Warner Bros. Television Studios
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The film and television giant will turn its cable networks, including CNN and TNT, into one company and its streaming and studios business into another.
3don MSN
Warner Bros. Discovery plans to split into two companies by separating its studios and streaming from cable TV networks to better compete in the evolving media landscape.
S&P Global downgraded the media giant's unsecured bonds, put it on a negative credit watch and will review whether to lower the company's other ratings