The disposal of Poland’s TVN is one of the options under consideration by Warner Bros Discovery executives anxious to avoid a break-up of the media company.
The group was only formed in 2022 out of Discovery and WarnerMedia in a bid to fend off growing competition from streaming services such as Netflix and Discovery. However, a share price that has subsequently fallen 70% has led executives to question whether big is actually better.
According to the Financial Times, which first reported the story, an assessment of possible options has determined the separation of linear TV channels from the streaming and studios businesses would present severe operational challenges.
According to one executive, even a best case scenario would present years of legal challenges, after the company decided what might go to streaming and what to linear.
Instead the Polish entertainment channel TVN and the Warner video games business have been named as potential sales candidates.
