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“CNN+ facing steep cost cuts as new management takes helm” CNN’s new streaming service CNN+ is under review by incoming corporate parent Warner Bros. Discovery as it looks to cut costs and reorganize the company, sources told The Post. Warner Bros. Discovery, which formed last week out of the merger between Discovery and WarnerMedia, is…
“David Zaslav wants to set CNN apart from ‘advocacy networks’” Warner Bros. Discovery boss David Zaslav wants CNN to focus on the facts and set itself apart from a cable-news industry that he says is monopolized by “advocacy networks.” Zaslav, who took the helm of the new company this week, wasted no time laying out…
“Warner Bros. Discovery CEO David Zaslav meeting CNN anchors after merger” Warner Bros Discovery CEO David Zaslav is rushing to meet employees across the newly created media giant amid fears of widespread layoffs — and festering anger over ex-CNN boss Jeff Zucker’s ouster. Zaslav, who led Discovery, home to Animal Planet, TLC and HGTV, is…
“WarnerMedia staff fear layoffs in Discovery merger” WarnerMedia staffers are bracing for another bloodbath ahead of the completion of its merger with Discovery. Some staffers at WarnerMedia are already preparing to be booted after Discovery announced a slew of senior-level departures this week. The nine departures included the exit of WarnerMedia CEO Jason Kilar, who…
“Is CNN’s new streaming service in peril?” Monday night, speaking to a packed crowd at the swanky Peak restaurant in Manhattan, CNN’s Andrew Morse was looking for a Kumbaya moment — something to bring the troubled, ratings-challenged channel together following a string of high-profile firings and scandals that has cast doubt on its future. That…
“#Discovery posts stronger than expected profits as ad sales recover” Discovery, owner of channels like The Food Network, TLC and Animal Planet, beat Wall Street’s second-quarter expectations, due in part to the rebound in advertising sales following last year’s economic fallout from the pandemic. Nonetheless, shares of Discovery fell over 5 percent in midday trading,…
“#Discovery’s David Zaslav promises more media merger mania at Sun Valley” SUN VALLEY, Idaho — Allen & Co.’s “summer camp for billionaires” kicked off on Tuesday with David Zaslav of Discovery promising that the media merger frenzy created by the video streaming wars is far from over. “We’re not done yet,” Zaslav said when asked…
“#WarnerMedia CEO Jason Kilar is sticking around for now” WarnerMedia CEO Jason Kilar — whose future has been in doubt since AT&T’s $43 billion deal to spin off its entertainment unit — will remain at the helm of the company until mid-2022, it emerged on Thursday. Kilar has told staffers that he will continue in…
“#WarnerMedia-Discovery merger could save CNN’s Jeff Zucker: sources” David Zaslav — the always-working, fleece-wearing chief executive officer of Discovery — is expected to run the new media conglomerate he’s forming with AT&T with a little help from his friends. And that could lead to some of the top media executives who failed to thrive under…
“#Discovery’s Q1 squeezed by streaming costs, lower ad sales” Discovery, the owner of Food Network, HGTV and TLC, reported first quarter results that fell short of Wall Street’s projections due to higher-than-expected costs related to the launch of its streaming service Discovery+ and declining advertising sales. Shares of Discovery slumped over 7 percent on the…