In a strategic realignment predicated on the escalating exigencies of "cord-cutting," Warner Bros. Discovery is poised to effect a corporate schism, bifurcating its cable television and streaming divisions into discrete, autonomous entities; the Streaming & Studios division, a congeries of premium assets encompassing HBO, HBO Max, Warner Bros. Television, Warner Bros. Motion Picture Group, and DC Studios, will be helmed by incumbent CEO David Zaslav, while CFO Gunnar Wiedenfels will assume the mantle of CEO at Global Networks, the cable-centric entity encompassing CNN, TNT Sports (U.S.), Discovery, key European free-to-air channels, and ancillary digital properties such as Discovery+ and Bleacher Report, with the consummation of this bifurcation projected for mid-year pending final ratification by the board of directors amidst the inexorable attenuation of the traditional cable paradigm under the relentless onslaught of streaming alternatives and nascent internet distribution models.