NasdaqGS:WBD
NasdaqGS:WBDEntertainment

Warner Bros. Discovery (NasdaqGS:WBD) To Split After 60% Fall; Seeks Investors

Warner Bros. Discovery (NasdaqGS:WBD) has announced its decision to split into two separate public companies, a major shift in strategy aiming to focus on streaming growth while housing underperforming cable channels separately. This decision follows a significant decline in stock value since the merger with Warner Media. Over the past month, the company's stock rose 14%, which might align with a broader market sentiment, also up during this period. Events such as Amazon Prime's partnership...