Warner Bros Discovery to split TV and streaming businesses
US media giant to separate streaming business from declining television network arm as viewing habits change
US media giant to separate streaming business from declining television network arm as viewing habits change

Break-up of US media group after just three years leaves staff exasperated amid disintegration of swashbuckling cable era

Studio sale stands to undercut earnings for virtually every other segment of the industry regardless of the buyer

Streaming giant says it makes up a relatively low share of US ‘TV time’ in quarterly letter to shareholders

Streaming group is competing with Paramount over prized studio assets

While a cleaner structure ought to please Wall Street, both halves have their challenges

Hollywood studio and streaming company open to new bid but there are doubts over Ellison family funding