A major change is underway for a well-known media company. The separation of its assets is expected to take about a year to complete. This process will result in two publicly traded entities.

Current investors will be affected by this move, though specifics are limited. The company's stock has already seen a significant increase in pre-market trading.

Further details about this development can be found through NBC 5 Dallas-Fort Worth, including information on the newly formed companies and their respective holdings.