Faber said that we “almost definitely” will see the Warner Bros. studios paired with Max, leaving WBD’s cable networks as the odd assets out. It’s basically exactly what NBCUniversal is currently doing to Faber.

Shares of media company Warner Bros. Discovery (WBD) popped Thursday following reports that the company was considering a split. The wide-ranging media company known for brands like HBO, MAX, CNN, and Adult Swim is moving toward some kind of split,