Cable Cut: CNN’s Parent Company To Spin Off Struggling Network

Move mirrors MSNBC’s corporate split as both left-leaning outlets face tumbling ratings and viewership CNN (Andrew Harnik/Getty Images), cord cutting (KLH49/Grabien) CNN parent company Warner Bros. Discovery announced Monday that it will split into two publicly traded companies, cutting CNN off from the more profitable streaming business as the left-leaning network grapples with plummeting ratings.