Warner Bros Discovery, the owner of CNN and HBO, is considering plans to split its digital streaming and studio businesses from its legacy TV networks. This is aimed at boosting the company's struggling stock price. Options being examined include selling some assets or separating Warner Bros movie studio and HBO Max streaming service into a new company. Most of the company's debt could remain with the pay-TV networks business if a split occurs. No investment bank has been hired yet to initiate a specific transaction. The media giant's shares jumped over 6% in premarket trading on news of a potential breakup.
