On November 20, Warner Bros. Discovery shares formed a “Golden Cross” formation as the stock’s 50-day moving average crossed above its 200-day moving average. The pattern is often a reliable forecast that a stock has shifted into a positive momentum stage that results in higher prices 4-6 months later.

David Zaslav may rejoin the media M&A fray. The Warner Bros Discovery boss is reorganizing his assets into two key divisions, further isolating the media company’s dying TV networks. It comes after rival Comcast announced a full split.

Warner Bros Discovery announces plans of splitting its TV business from streaming operations. Here's the motivation behind restructuring.

Since the combination that created Warner Bros. Discovery, we have transformed our business and improved our financial position while providing world class entertainment to global audiences,” WBD president and CEO David Zaslav said in a statement (via THR).

Investors cheered the news that Warner Bros. Discovery planned to separate its cable channels, except for HBO, into a separate unit.

Warner Bros Discovery on Thursday decided to separate its declining cable TV business from the streaming and studio operations, laying the groundwork for a potential sale or spinoff of its TV business as cord-cutting picks up pace.

Warner Bros. Discovery is separating its TV business including CNN from its streaming and studios. It illustrates a cable industry in decline.

Warner Bros. Discovery Inc. is changing its corporate structure and creating separate divisions for its cable and streaming businesses.