Warner Bros. Discovery (WBD) is moving toward a company split, and an announcement may come "in the not too distant future," CNBC's David Faber reported Thursday.
Faber said the split would "most likely or almost definitely" consist of "linear cable networks" and the Warner Bros. studio "coupled with Max."
Warner Bros. Discovery did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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