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Warner Bros. Discovery’s announced separation follows the industry’s latest M&A trend. In this case, separation is easy.

Four years ago, David Zaslav clinched a debt-heavy deal to merge cable mainstay Discovery Inc. — which he’d run since 2006 — ...

Warner Bros. Discovery, the media conglomerate that owns HBOMax, TNT Sports, and CNN, will be splitting into two companies.

Warner Bros. Discovery is restructuring, creating separate entities for its streaming and cable operations to better align with media consumption trends and to strengthen each division's focus.