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“Warner Bros. Discovery reveals aggressive cost-cutting plan” Warner Bros. Discovery, owner of CNN, HBO Max, TLC and Food Network, is mounting an aggressive cost-cutting plan ahead of its promise to find more than $3 billion in savings in 2023. CEO David Zaslav has wasted no time since the $43 billion merger between Discovery and WarnerMedia…
“HBO grows to 76.8M subs, WarnerMedia profit slows due to CNN+” WarnerMedia’s HBO and HBO Max added 3 million users for a total of 76.8 million subscribers at the end of the first quarter — but steep investments in streaming services including the flopped CNN+ took a bite out of profits. WarnerMedia’s subscriber bump —…
“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…
“CNN+ draws fewer than 10,000 daily viewers: report” The embattled CNN cable network looks to have another situation on its hands: the underwhelming launch of its new streaming service, CNN+. The service’s total number of daily viewers has yet to surpass 10,000, according to reports — fueling speculation that the network’s new parent company, Discovery…
“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…
“WarnerMedia CEO Jason Kilar to exit following CNN dustup over Zucker’s ouster” WarnerMedia CEO Jason Kilar said he is leaving the company when the AT&T entertainment unit’s merger with Discovery closes on Friday — just weeks after he faced a backlash over the ouster of CNN boss Jeff Zucker. Kilar has been a lightning rod…
“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…
“#AT&T to spin off WarnerMedia in $43B Discovery deal” AT&T said Tuesday that it will spin off WarnerMedia, home to HBO and CNN, in a $43 billion deal to merge the property with Discovery, which owns Food Network, TLC and Animal Planet. The telecom giant also cut its dividend by nearly half, sending shares down…
“#ViacomCBS and WarnerMedia reportedly exploring sale of the CW” WarnerMedia and ViacomCBS are exploring the possible sale of a significant stake or all of the CW Network, which they jointly own, according to a report late Wednesday. Irving, Texas-based Nexstar Media Group, which is the nation’s largest owner of TV stations and owner of affiliate…