In a special early recording of The Powers That Be, Dylan and Bill jump on the mic to discuss the breaking news that Warner Bros. Discovery will split into two companies—a film and streaming division led by David Zaslav, and a cable business run by Gunnar Wiedenfels… loaded up with most of WBD’s debt. They discuss what the separation means for HBO Max, the fear inside CNN, how Wall Street is responding, and why a divorce was inevitable.

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