In a tectonic shift predicated on the exigent realities of "cord-cutting," Warner Bros. Discovery is orchestrating a bifurcated restructuring, decoupling its legacy cable assets from its burgeoning streaming division to forge two discrete, self-governing entities; the Streaming & Studios entity, a congeries of HBO, HBO Max, Warner Bros. Television, Warner Bros. Motion Picture Group, and DC Studios, will be stewarded by CEO David Zaslav, whilst CFO Gunnar Wiedenfels will assume the mantle of CEO at Global Networks, the cable-centric arm encompassing CNN, TNT Sports (U.S.), Discovery, a constellation of premier European free-to-air channels, and attendant digital properties including Discovery+ and Bleacher Report, with consummation of this strategic fission anticipated by mid-next year, contingent upon final ratification by the board, a maneuver conceived to mitigate the inexorable erosion of cable's dominance under the relentless onslaught of streaming platforms and disruptive internet distribution models.