Warner Bros. Discovery Stock Surges on Breakup. Why It Could Be Too Little, Too Late. - Barron's

1. WBD announced a split into two publicly-listed companies. 2. One entity will focus on streaming, while the other on cable channels. 3. Cable-focused Global Networks will retain a 20% stake in Streaming & Studios. 4. Analysts warn cable TV's decline may hurt long-term viability. 5. Investor uncertainty could lead to reduced spending on streaming services.