CNBC’s David Faber Predicts Media Giant Warner Bros. Discovery Is About to Be Split Up: It’s ‘Relatively Clear’

A prominent TV financial analyst believes media giant Warner Bros. Discovery is on the verge of being split up.

Speaking on Thursday’s edition of CNBC’s Squawk on the Street, David Faber said that — based on his discussions with insiders — he believes a split is imminent.

“It’s become relatively clear to me from the many conversations that I’ve had that we could get some sort of an announcement in the not-too-distant future that they are planning to try to split the company,” Faber said.

Warner Bros. Discovery’s vast portfolio includes a number of major linear cable networks such as; CNN, TNT, TBS, HBO and Discovery. It also owns the streaming platform Max, and the Warner Brothers studio — which produces a massive amount of content including, primarily, feature films.

In gaming out the split, Faber predicted that the cable channels are likely to be spun off in a manner similar to Comcast’s recent move to jettison its cable properties.

“Most likely, or almost definitely, it’s the linear cable networks — and then you have the studio coupled with Max,” Faber said. “How you would go about doing that? Remember, internally — and we reported on this previously — they’ve already done all of the reapportioning necessary. And I would note as well, in their earnings report, for the first time, they break out every segment in its own financials. That is usually a tell, right? Streaming has its own page, studios and linear, global linear segments, network segment as well.”

Faber walked through some of the logistical hurdles involved in a split — including which piece of the company takes on the lion’s share of their current debt — and cautioned that such obstacles will slow down the timetable.

“It will take quite some time to actually happen,” Faber said.

Nonetheless, Faber emphasized that he is confident the company is “moving towards” a split.

Watch above, via CNBC.