CNN —
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.
The restructuring is not a spinoff of cable assets, as Comcast recently announced, but it may ultimately have the same effect.
Warner Bros. Discovery will have two separate operating divisions: “Global Linear Networks” for CNN, TBS, TNT and other cable networks, and “Streaming & Studios” for Max and the company’s film and entertainment studios.
The company said the changes will take effect by mid-2025.
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