{"id":464186,"date":"2022-06-16T18:22:59","date_gmt":"2022-06-16T15:22:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/warner-bros-discovery-reveals-aggressive-cost-cutting-plan\/"},"modified":"2022-06-16T18:22:59","modified_gmt":"2022-06-16T15:22:59","slug":"warner-bros-discovery-reveals-aggressive-cost-cutting-plan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/warner-bros-discovery-reveals-aggressive-cost-cutting-plan\/","title":{"rendered":"#Warner Bros. Discovery reveals aggressive cost-cutting plan"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22eb28b0544\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22eb28b0544\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/warner-bros-discovery-reveals-aggressive-cost-cutting-plan\/#%E2%80%9CWarner_Bros_Discovery_reveals_aggressive_cost-cutting_plan%E2%80%9D\" >&#8220;Warner Bros. Discovery reveals aggressive cost-cutting plan&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWarner_Bros_Discovery_reveals_aggressive_cost-cutting_plan%E2%80%9D\"><\/span>&#8220;Warner Bros. Discovery reveals aggressive cost-cutting plan&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>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.<\/p>\n<p>CEO David Zaslav has wasted no time since the $43 billion merger between Discovery and Warner<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> closed in April. According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/warner-bros-discovery-analyst-synergies-content-disruption-1235165942\/amp\/\">The Hollywood Reporter<\/a>, senior leaders in the company\u2019s US-based advertising division were informed that buyouts will be coming, although they haven\u2019t been offered yet. <\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> of the cuts, which will slash <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 30% of the firm\u2019s ad sales team, or about 1,000 jobs, was first <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theinformation.com\/articles\/warner-bros-discovery-to-cut-as-much-as-30-of-advertising-sales-force\">reported by The Information<\/a> on Tuesday. <\/p>\n<p>The moves are fairly typical of any merger that involves duplicative divisions. In the case of Warner Bros. Discovery, however, Zaslav has underscored that the media giant\u2019s ultimate goal is to spend more money on TV shows, while slashing costs of projects with inflated budgets.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/david-zaslav-86.jpg?w=1024\" alt=\"David Zaslav\" class=\"wp-image-22684968\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/david-zaslav-86.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/david-zaslav-86.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/david-zaslav-86.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Zaslav is taking a scalpel to the business of the newly-merged Warner Bros. Discovery.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Case in point: The CEO recently nixed J.J. Abrams\u2019 $200 million-plus sci-fi drama \u201cDemimonde,\u201d starring \u201cStation Eleven\u201d actress Danielle Deadwyler. He also famously killed CNN+, CNN\u2019s month-old streaming service, after the company spent $300 million to develop it and hired hundreds of people.<\/p>\n<p>Those kinds of efficient moves by Zaslav, known for his favored uniform of a fleece vest over a button-down shirt, has so far pleased the Wall Street crowd.<\/p>\n<p>Cowen analyst Doug Creutz raved about the cost cutting in a June 15 report, writing that the newly combined firm is \u201cmoving rapidly to capture synergies.\u201d<\/p>\n<p>\u201cWe fully expect the company to achieve its cost synergy targets; the main question is whether it can do so without causing too much disruption to the Warner culture or the content pipeline,\u201d Creuz said, maintaining his \u201coutperform\u201d rating on Warner Bros. Discovery with\u00a0a $24 price target.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/warner-bros-discovery.jpg?w=1024\" alt=\"Warner Bros. Discovery logo displayed on a screen and a tv remote control are seen in this photo\" class=\"wp-image-22684978\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/warner-bros-discovery.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/warner-bros-discovery.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/warner-bros-discovery.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The company is looking to cut about 1,000 advertising sales jobs to shore up costs, according to reports. <\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<p>The company\u2019s \u201cvaluation\u00a0looks even more attractive,\u201d he added. <\/p>\n<p>Since taking the helm, Zaslav has also removed layers of executives so that he has more direct reports. The move has resulted in many WarnerMedia execs heading for the door, and panic among employees who are waiting for the other shoe to drop.<\/p>\n<p>But Wells Fargo analyst Steven Cahall\u00a0acknowledged the chaotic nature of melding two companies, adding that the bumpy ride will smooth out in the long-term.<\/p>\n<p>\u201cMega-mergers are never easy given departures, culture clashes and reorganizations, so trying to grow and deleverage while becoming \u2018one company\u2019 is a lot to swallow,\u201d Cahall wrote in a June 1 report. \u201cWe think Warner Bros. Discovery is a great opportunity for patient investors given excellent content assets and a management track record of merger execution. Near term, it\u2019s a lot of noise.\u201d<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/16\/warner-bros-discovery-reveals-aggressive-cost-cutting-plan\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Warner Bros. Discovery reveals aggressive cost-cutting plan&#8221; 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":464187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/David-Zaslav-80.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130374,87539,76511,4960,70584,108028,5041],"class_list":["post-464186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-16-22","tag-david-zaslav","tag-discovery","tag-layoffs","tag-mergers-acquisitions","tag-warner-bros-discovery","tag-warnermedia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=464186"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/464187"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=464186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=464186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=464186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}