Warner Bros. Discovery CEO David Zaslav announced a major restructuring by splitting the company into two distinct entities: one for streaming and studios, including HBO Max, and another for cable networks like CNN and TBS. This move aims to provide sharper focus and flexibility to better compete in a rapidly changing media landscape. Despite its ambitious merger three years ago that aimed to counteract streaming giants, the company struggles with significant debt, prompting this strategic shift to prioritize growth in streaming.
We are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape.
The break-up represents a collapse of Zaslav's ambitions and aspirations for the mega-media company.
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