Warner Bros. Discovery says it's open to a sale; shares jump
1. WBD is reviewing strategic alternatives, including a potential sale. 2. WBD shares rose 8% in premarket trading following the announcement. 3. The company plans to split into streaming/studios and global networks businesses. 4. CEO emphasizes importance of positioning for success in a changing media landscape. 5. WBD has received unsolicited interest from multiple parties, including Paramount Skydance.