For the first quarter of 2025, revenue in Warner Bros. Discovery’s global linear TV networks business fell 7%, to $4.7 billion. Ad revenue fell 12%, while distribution revenue was off by 9%.

Warner Bros. Discovery plans to split into two companies, separating studios and streaming from cable TV networks, to enhance streaming content production and to better compete.

Warner Bros Discovery is moving towards a potential breakup, CNBC reported on Thursday, as media companies explore options for their struggling cable TV businesses and sharpen focus on their ...

Warner Bros Discovery said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN ...