Shares up 5% (Il Sole 24 Ore Radiocor) - New York, 18 Jul - Shares in Warner Bros. Discovery jumped after a report it is considering splitting its streaming and studio businesses from its legacy television networks.

According to the Financial Times, the US media giant is looking to boost its sagging share price.

The FT cited people familiar with the matter saying chief executive David Zaslav was examining several strategic options, ranging from selling assets to hiving off its Warner Bros movie studio and Max streaming service into a new company unburdened by most of the group's current 39 billion dollar net debt.

At 1518 GMT Warner Bros. Discovery shares were up 5%.

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(RADIOCOR) 18-07-24 19:31:52 (0719) 5 NNNN