Warner Bros. Discovery explores sale as CNN, HBO futures hang in balance

 JournalismPakistan.com |  Published 3 weeks ago |  JP Global Monitoring

WASHINGTON D.C.— Warner Bros. Discovery, the parent company of CNN and HBO, announced it is open to a potential sale following bids from multiple parties, The Washington Post reported. The move has cast uncertainty over the future of its news and streaming divisions.

CEO David Zaslav said the company has begun reviewing “strategic alternatives” to unlock its full asset value, including offers for the entire company and specific entertainment and streaming units. The media giant, which plans to split into two entities by 2026, one for entertainment and one for news and sports, confirmed the process was prompted by unsolicited interest.

Among those reportedly exploring a bid is David Ellison, whose Skydance Media recently acquired Paramount. If successful, the acquisition could bring CNN and CBS under the same corporate roof. Netflix and Comcast have also been named as potential interested parties.

The company’s restructuring follows years of ownership changes and industry challenges, as cable TV faces steep declines and streaming competition intensifies.