Discovery introduced a brand new management construction Thursday for the soon-to-be Warner Bros. Discovery media firm, setting the stage for the closing of the mixed firm, which might occur as quickly as Friday.
David Zaslav, the chief govt of Discovery who will lead the brand new firm, appointed a lot of his longtime lieutenants to key positions overseeing areas like cable networks, streaming, income, finance, authorized and communications.
Over the previous few days, the departures of most of WarnerMedia’s company leaders, together with Jason Kilar, the chief govt of WarnerMedia, in addition to Ann Sarnoff, the top of Warner Bros., have been introduced.
A number of of WarnerMedia’s chief content material officers will stay of their positions, together with Casey Bloys, the HBO head; Toby Emmerich, the Warner Bros. movie chief; and Channing Dungey, the chairman of Warner Bros. TV studio. They are going to all now report on to Mr. Zaslav. Chris Licht, who was named the brand new chief of CNN in February, may even report back to Mr. Zaslav.
“Right this moment’s announcement combines a robust group {of professional} managers in a less complicated organizational construction, with fewer layers, extra accountability and a singular strategic focus as a worldwide pure-play content material firm,” Mr. Zaslav stated in a press release. “I stay up for rolling up my sleeves with this group in order that, collectively, we will write this subsequent thrilling chapter.”
The announcement on Thursday will hardly be the final phrase on issues. Discovery stated that it was nonetheless in search of somebody to run the sports activities division, in addition to a chief variety, fairness and inclusion officer. And as Mr. Zaslav and his Discovery colleagues assume their management positions, extra adjustments will probably occur within the coming weeks and months.
