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Gerald Levin, the visionary executive in the early days of HBO whose career will be forever marred after he orchestrated the merger of Time Warner and AOL, a debacle that destroyed the value of employees’ retirement accounts and culminated in a historic $100 billion write-down, has died. He was 84. Levin died Wednesday in a…
“Inside the collapse of CNN+: ‘A uniquely sh-tty situation’” CNN+ was doomed before it had a chance thanks to bad timing and a fundamental disagreement over strategy between previous management and the new corporate parent that was formed after a recent multi-billion dollar merger, according to a report. The cable news network’s fledgling streaming service…
“#How Stank steered AT&T into multibillion-dollar disaster” On Friday, May 14, just hours before the telecom and media world was turned upside down, the two men at the center of that upheaval, AT&T chief John Stankey and his deal-making wingman and former boss, Randall Stephenson, met for a quiet dinner in Dallas, the home of…
“#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…
“#AT&T signing $43B deal to combine media business with Discovery” Telecom giant AT&T on Monday announced a deal to spin off its content unit WarnerMedia and merge it with Discovery, creating a massive studio that could compete with streaming rivals Netflix and Disney. The two companies said AT&T will receive $43 billion in a mix…