AT&T Inc. started reorganizing its WarnerMedia unit Monday by combining its disparate networks and entertainment businesses, an overhaul that is expected to lead to cost-cutting and layoffs. The company said it hired former NBC Entertainment Chairman Robert Greenblatt to be chairman of a newly created unit called WarnerEntertainment—which combines HBO and Turner’s entertainment operations—and Direct-to-Consumer, which includes the streaming service WarnerMedia plans on launching later this year.

Source: Wall Street Journal March 04, 2019 14:06 UTC