Warner Bros. Discovery Inc., the parent of HBO and CNN, swung to a profit in the second quarter, buoyed by a string of ...

Warner Brothers Discovery announced Monday that it will split into two companies as it seeks to build up its streaming business while also maximizing value in legacy news and entertainment products.

Warner Brothers Discovery’s plan to split itself up comes after Comcast in November announced it would spin off cable television channels, including CNBC and MSNBC, into a new company.