Warner Bros. Discovery is set to split into two separate companies, a move that raises questions about the future of TNT Sports and reflects the ongoing struggles of the cable TV business. The restructuring will separate its streaming and studio operations from cable networks like CNN and TNT, with CEO David Zaslav acknowledging that this strategy aims to provide the company with greater flexibility amid significant debt and declining viewership of traditional television. While the stock has surged following the announcement, analysts caution that this may be too little, too late for addressing the challenges facing the media landscape.