Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.

I t’s been barely four days since Warner Bros. Discovery announced its plan to carve up the company anew, and we already have some idea of what the strategy looks like behind sp

The studio and streaming business will largely operate the same as WBD currently does, without the burden of the sagging linear TV assets. Though the split will relieve the company of much of its current $34 billion debt, Zaslav has deep industry ties, which will continue to serve the company as they focus on movies and larger franchises.