In a strategic realignment predicated on the accelerating attrition of traditional cable subscriptions – the so-called "cord-cutting" phenomenon – Warner Bros. Discovery is poised to effect a bifurcated corporate structure, decoupling its legacy cable assets from its burgeoning streaming division into two discrete, autonomous entities; the Streaming & Studios company, incorporating the prestigious HBO and Warner Bros. portfolios alongside DC Studios, will be steered 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, Discovery, a constellation of European free-to-air channels, and attendant digital properties such as Discovery+ and Bleacher Report, with the consummation of this restructuring anticipated by mid-next year, contingent upon final ratification by the board, as the corporation navigates the increasingly exigent pressures exerted by streaming platforms and the proliferation of alternative broadband delivery systems upon the conventional cable television ecosystem.