Matt is joined by Bloomberg’s Lucas Shaw to discuss the long-awaited breakup of Warner Bros. Discovery, and break down what these two new companies will consist of. They look at why this happened now, what this means for HBO Max and CNN, and who is the most likely buyer for each spun-off company (02:56). Matt finishes the show with a prediction about Blake Lively’s lawsuit against Justin Baldoni (25:10).

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Host: Matt Belloni
Guest: Lucas Shaw

Producers: Craig Horlbeck and Jessie Lopez
Theme Song: Devon Renaldo

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