Comcast to spin off MSNBC, CNBC, entertainment channels as streaming dents cable: sources
New York PostNOV 2024
Warner Bros. Discovery Splits Into Two Public Companies
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The Spin
Narrative A
This strategic split makes perfect sense in today's media landscape. Cable networks are dragging down Warner Bros.' valuation despite streaming success. Separating these businesses allows each to focus on its strengths and pursue targeted growth strategies without legacy constraints.
Narrative B
The breakup essentially admits the 2022 merger was a costly mistake that destroyed shareholder value. Splitting apart after just three years shows poor strategic planning, and the massive debt burden remains a serious concern for both new entities.