David Zaslav, Chief Executive Officer and Chairman of Warner Brothers Discovery, on Monday yielded the reality of the Digital Age of Wall Street Investors and announced that he would divide the company into two: one focusing on streaming, the other, the other on its cable network.

Zaslav will lead the streaming and studio company, which will include HBO Max and Warner Brothers film and television studios. The cable business, including CNN, TBS, TNT and Discovery, is to be run by the current corporation’s Chief Financial Officer, Gunnar Videnfels.

Jaslav announced the partition, saying, “The cultural significance of this great company and the influential stories brought in life for more than a century have touched countless people worldwide. It is a valuable heritage that we will proudly continue in this next chapter of our famous history.”

“By working as two different -different and customized companies in the future, we are strengthening these reputed brands with sharp focus and strategic flexibility, they need to compete most effectively in today’s developed media scenario.”

Under Jaslav, the new digital company will try to continue building customers in countries around the world for its streaming service, creating materials for its big contestants – Netflix, Disney+ and Amazon Prime.

Debt weight is the ambition of Zaslav

The brake-up represents Jaslav’s ambitions and aspirations to the mega-media company.

Just three years, two months and one day earlier, Jaslav completed the acquisition of Warner Media in a deal of $ 43 billion to create Warner Brothers Discovery. He said that the joint company would have Prasad’s scale and caliber to compete with digital streaming giants. It was not. That deal needs to take more than $ 50 billion loans. While a significant amount has been paid, a lot has been made.

The history of Warner Brothers Discovery has since been marked by a series of tricks to pay that loan, including CNN’s newborn streaming service (which is now being rebuilt), bids that failed to win the renewal of NBA rights for Turner Sports, and pruning on various properties.

The company has lost almost half its market assessment since the merger, although the shares have increased by about 10% after Monday’s announcement. Jaslav had a compensation package of $ 52 million last year – made it one of the most paid corporate chieftains in the country, According to a study by Harvard Law School,Shareholders voted against it In a symbolic vote.)

What is the fate of CNN?

The transaction must be closed by the middle of next year, although it is accidental on an assessment from the US internal revenue service that it can be free from taxes. President Trump has made it clear to the office in his first few months that he is ready to deploy which is considered to be the non-party liver of the government for political and ideological purposes.

Recently, Trump suggested that he would try to cancel the government contracts with Tesla after a public collapse with his controlled owner Elon Musk, who first served as his advisor to reduce the federal budget. In the case of Warner Brothers Discovery, Trump has repeatedly exploded CNN as unfair, biased and “fake news”.

“These are two very small companies than the grand vision [Zaslav] When he bought assets from AT&T, “Former CNN tells US President Jonathan Klein NPR.” The question is: Now that they are quite small to be purchased, who buys each of these units? ,

Comcast really reduced Same changes – To broadcast its broadcast, movie and broadband properties from its cable channels.

Several former television officials asked if the new parents for MSNBC and CNBC – Versent’s name – Warner Brothers could be a natural buyer for Discovery cable channels. Or with the intention of giving maximum benefits to private equity investors, it may be decided to take Warner Brothers Discovery Cable Network, Versent – or both.

In any of those scenarios, a new owner must almost certainly have to choose between maintaining MSNBC or CNN.

NPR Financial Correspondent Maria Aspan contributed to this story.