By Dawn Chmielewski, Aditya Soni and Jaspreet Singh LOS ANGELES (Reuters) -Warner Bros Discovery said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN looks to compete better in the streaming era.

Warner Bros Discovery announces a strategic split into two public companies, separating its streaming and studios from declining cable television networks, aiming to enhance competitiveness in the media landscape.