Warner Bros. Discovery Splits In 2
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Warner Bros. Discovery is splitting up after just over three years, and Wall Street is cheering. The spinoff will create a slew of new questions.
Warner Bros. Discovery doesn’t have a name for its planned stand-alone TV-centric biz, but it does have a proposed CEO: Gunnar Wiedenfels, WBD’s iron-fisted money manager. As CFO at Warner Bros. Discovery,
Wall Street analysts are bullish the move could pave the way for M&A and bring the industry a step closer to rationalization