Warner Bros. Discovery restructures as cable struggles, setting stage for deals
Warner Bros. Discovery announced a major restructuring Thursday, a preliminary step that could lead to the breakup of the battered media company. Investors cheered the news that the company was separating its linear networks " including CNN, TBS, Food Network, Cartoon Network and HGTV " into a distinct unit within the company. The move comes after Warner Bros. Discovery took a $9-billion ...