WarnerMedia announces restructuring in wake of AT&T takeover - News Summed Up

WarnerMedia announces restructuring in wake of AT&T takeover


New York (CNN Business) Former NBC Entertainment chairman Bob Greenblatt is joining WarnerMedia as the chairman of entertainment and direct-to-consumer, a new role that comes amid a broader restructuring of the AT&T-owned media company. Greenblatt's portfolio will include HBO and much of Turner, two divisions that were previously run separately. John Stankey, WarnerMedia's CEO, said in a Monday morning memo that the consolidation "will provide us with the agility and flexibility needed to build our brands across a variety of evolving distribution models with a more coordinated approach to our original programming." Greenblatt's WarnerMedia Entertainment division will include HBO, TNT, TBS, truTV, and the company's forthcoming streaming service.


Source: CNN March 04, 2019 14:09 UTC



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