The owner of CNN and HBO Max, Warner Bros Discovery, says it will split into two companies by the middle of next year.

Warner Bros. Discovery, the parent company of HBO Max, CNN and TNT, announced Monday it would split into two companies by the middle of next year, the latest move by a major media conglomerate to reck

Warner Bros. Discovery announced Monday that it will spin off its cable networks, including those that comprise TNT Sports, into a new company.