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☆ Judge narrows lawsuit over 'South Park' streaming rights
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.

Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York

☆ What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
▼ + stars: | 2023-11-09 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho

☆ Warner Bros Discovery beats quarterly profit estimates amid strike, sluggish ad market
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023. The media company forged by the union of WarnerMedia and Discovery posted adjusted core earnings of $2.97 billion, above estimates of $2.92 billion, as per LSEG data. The company had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter. In May, it launched its Max streaming service - combining HBO Max's scripted entertainment with Discovery's reality shows. Reporting by Samrhitha Arunasalam in Bengaluru and Helen Coster in New York; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, David Zaslav, Samrhitha, Helen Coster, Saumyadeb Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, SAG, HBO, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru, New York

The company reported free cash flow of $2.06 billion, compared with $1.72 billion in the prior quarter. The company posted a net loss of $417 million, narrowing from a $2.3 billion net loss from a year-ago period. Advertising revenue at its networks segment declined 12% to $1.71 billion as global conflicts and inflation created an uncertain climate for marketers. The company's streaming unit posted an adjusted core profit of $111 million, compared with a loss of $634 million a year ago. Warner Bros Discovery had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter.

Persons: Mario Anzuoni, Gunnar Wiedenfels, there's, Wiedenfels, David Zaslav, Michael Schulman, Barbie, Thomas Hayes, Samrhitha, Helen Coster, Saumyadeb Chakrabarty, Anil D'Silva, Mark Porter Organizations: Paramount Pictures Studios, REUTERS, Warner Bros Discovery, SAG, Running, HBO, Thomson Locations: Los Angeles , California, U.S, Bengaluru, New York

☆ Paramount's Shari Redstone is open for business, but business may not be open for her
▼ + stars: | 2023-10-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +11 min

Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.

Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S

☆ Assistants at companies like Netflix and Disney are 'waiting for the light at the end of the tunnel' as their careers stall and they can't get promoted: 'I don't see a way up'
▼ + stars: | 2023-10-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Trying to maintain a career in Hollywood was "not something that was feasible for me to continue," this person told Insider. Insider spoke with eight current and former assistants at Hollywood companies, plus a former creative executive at a midsize film studio. Many hopefuls can't find jobs in an industry that's been wracked with head count reductions and budget cuts. Netflix's website lists just one open assistant job — a role in a non-creative vertical. At Paramount, which cut 25% of staff from its US cable networks earlier this year, there appear to be no open executive assistant jobs in entertainment capacities .

Persons: —, strivers, that's, David Heger, Edward Jones, Heger, Bob Iger —, there's, WBD, they've, they'd, I'm, Reed Alexander Organizations: Hollywood, Netflix, Paramount Global, Disney, Warner Bros . Discovery, Paramount, Media, Writers Guild of America, Challenger, Warner Bros, Discovery, Entertainment Locations: Hollywood, Los Angeles and New York

☆ After a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability
▼ + stars: | 2023-09-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Entelis, Moseley, Sherling and Leavy all plan to stay at CNN as Thompson takes over as CEO, according to people familiar with the matter. Programming CNN MaxBefore joining The New York Times, Thompson was director-general — a combination of chief executive and editor-in-chief — of the British Broadcasting Corporation. He'll have a chance to develop new shows at CNN Max, a tab in Warner Bros. With CNN Max, Thompson will try to program for a younger audience. Thompson will have some runway to invest in CNN Max.

Persons: Brandon Bell, Mark Thompson, Thompson, Donald Trump, Entelis, CNN hasn't, Licht, Jeff Zucker, Andrew Morse, CNN Max, CNN's, —, Zucker, Jason Kilar, Max, JB Perrette, Gabelli's Kevin Dreyer Organizations: CNN, Getty, Licht, Warner Bros . Discovery, Republican, The New York Times, Times, New York Times, CNN.com, Athletic, British Broadcasting Corporation, Warner Bros, U.S, Variety, Disney Locations: Atlanta , Georgia, Thompson's, Moseley, Sherling

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ CNN is launching a live service on Max with new programming as the network reboots its streaming efforts
▼ + stars: | 2023-08-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —CNN is heading to the Max streaming platform. Under previous leadership, CNN launched the standalone streaming service CNN+, which former executives touted as one of the most important moves in the network’s four-decade history. Warner Bros. CNN Max represents a path forward into the future, while also being more aligned with Warner Bros. Discovery’s vision. Discovery said that CNN Max will be available across all its various subscription packages, including its advertiser-supported plans.

Persons: CNN Max, Jake Tapper, ”, “ Anderson Cooper, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield ”, Jim Sciutto, “ Stanley Tucci, Italy ”, “ Anthony Bourdain, Anderson Cooper ”, Chris Wallace, —, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling —, Audie Cornish, David Zaslav, Max, Zaslav, ” JB Perrette, Warner Organizations: New, New York CNN, CNN, Max, Warner Bros ., Warner Bros . Discovery, “ CNN, Nielsen, Warner Bros, HBO, Discovery, CNN International, Netflix, Turner Sports Locations: New York, United States, Italy

☆ Warner Bros. Discovery's Max targets MLB playoffs for new streaming sports tier
▼ + stars: | 2023-08-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Discovery has targeted the beginning of the Major League Baseball playoffs to debut a sports tier for its Max streaming service, according to people familiar with the matter. The company plans to simulcast games from the MLB, National Basketball Association, National Hockey League and National Collegiate Athletics Association, including college basketball's March Madness, on Max. It also intends to add content from its sports media outlet Bleacher Report, such as highlights and interviews. Discovery plans to brand the new tier using the Bleacher Report name, the people said. No MLB games would appear exclusively on Max.

Persons: Julio Rodríguez, David Zaslav, JB Perrette, Max Organizations: Seattle Mariners, American League, Warner Bros, Discovery, Major League Baseball, Max, MLB, National Basketball Association, National Hockey League, National Collegiate Athletics Association, Time Warner, Warner Bros ., Warner Bros . Discovery, TBS Locations: Max

Aug 3 (Reuters) - Warner Bros Discovery (WBD.O) warned Thursday that uncertainty over the dual strikes by Hollywood writers and actors could impact the timing of its film slate and its ability to produce and deliver content. The Alliance of Motion Picture and Television Producers, which represents Warner Bros Discovery and the other major studios in negotiations, asked to meet on Friday with the writers' guild to discuss the possibility of resuming talks. Warner Bros Discovery's revenue took a hit in the second quarter due to soft box office results, including the underperformance of the DC Comics-inspired film, "The Flash." The exterior of the Warner Bros. Under Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business more efficiently.

Persons: David Zaslav, Fran Drescher, Alyssa Pointer, Jamie Lumley, Samrhitha, Helen Coster, Mark Porter, Jonathan Oatis, Shounak Dasgupta, Marguerita Choy Organizations: Warner Bros Discovery, Hollywood, Writers Guild of America, Screen, SAG, Hasbro, Alliance, Television Producers, Paramount, Times, Variety, Warner Bros, DC Comics, Warner Bros . Discovery, Alliance of Motion Pictures, REUTERS, Discovery Inc, Total, HBO, Max, Thomson Locations: New York, Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photoAug 3 (Reuters) - Warner Bros Discovery (WBD.O) warned Thursday that the dual Hollywood strikes by writers and actors could hit its flagging studio business already bruised by high-profile box office flops including "The Flash." The shutdowns "may have implications for the timing and performance of the remainder of the film slate as well as our ability to produce and deliver content," Warner Bros Discovery CFO Gunnar Wiedenfels said. Total global subscribers for its HBO, Max and Discovery+ services stood at 95.8 million at the end of the quarter. Under CEO David Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business more efficiently.

Persons: Alyssa Pointer, Gunnar Wiedenfels, Jamie Lumley, David Zaslav, Zaslav, Samrhitha, Helen Coster, Mark Porter, Jonathan Oatis, Shounak Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Hasbro, Warner Bros, Discovery Inc, Total, HBO, Max, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru, New York

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photoAug 3 (Reuters) - Warner Bros Discovery (WBD.O) posted a smaller loss for the second quarter on Thursday as the media conglomerate benefited from cost cuts, sending its shares up nearly 4% in premarket trading. Under Chief Executive Officer David Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business, which includes the Max streaming service, more efficiently. Net loss for the quarter came in at $1.24 billion, compared with a loss of $3.42 billion a year earlier. It lost 1.8 million subscribers, more than analysts' estimates of 1.1 million, reporting 95.8 million total global subscribers for its HBO, Max and Discovery+ services.

Persons: Alyssa Pointer, David Zaslav, Max, Zaslav, Samrhitha, Helen Coster, Shounak Dasgupta, Mark Porter Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Media, Warner Bros, Consumer, HBO, Discovery Inc, Max, HBO Max, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, United States, Bengaluru, New York

☆ A top Warner Bros. Discovery ad sales exec has exited, and insiders say rumors are flying of layoffs and changes as early as next week
▼ + stars: | 2023-07-26 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Insiders are speculating more layoffs and organizational changes are on the way. The media giant is wrapping its ad sales upfront period, where sales have been soft across the industry. Discovery has parted ways with another top ad sales exec, and insiders are speculating that more layoffs and changes are on the way. He's also a vet of Hulu ad sales and active in digital advertising, serving on the board of trade group the Interactive Advertising Bureau. Keller's exit is the second big WBD ad sales departure this year; John Dailey stepped down from his position as SVP of ad sales in March.

Persons: Discovery's, salespeople, Jim Keller, Jon Steinlauf —, Keller, He's, WBD, Keller didn't, Chris Licht, Steinlauf, David Zaslav, John Dailey Organizations: Warner Bros, Insiders, HBO Max, Hulu, Interactive, CNN, Discovery Locations: Discovery

☆ Netflix Set to Report Earnings, Against the Backdrop of Two Strikes
▼ + stars: | 2023-07-19 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +2 min

Netflix has been on the receiving end of much of the vitriol surrounding the strike, primarily from writers who say the economics of the streaming era have eroded their working conditions and hurt their overall compensation. The company already contended with angry shareholders last month, when they voted to reject lucrative pay packages for the company’s top executives. A rosy earnings report could certainly inflame those on the picket lines. Obviously, I will ask them about the strikes, but they have other things going on, like password sharing, which has nothing to do with the strike. I just don’t know how carefully worded or guarded they will be because of the potential reaction by the guilds.”The company has already seen some benefits from the strike.

Persons: ”, Jessica Reif Ehrlich Organizations: Netflix, Bank of America, HBO, Brothers, ” Netflix, Consumers, “ Locations: WarnerMedia, United States, United Kingdom

☆ CNN shouldn't get a new CEO after the Licht debacle — here's what it needs instead
▼ + stars: | 2023-06-07 | by ( Alison Brower | ) www.businessinsider.com time to read: +4 min

Chris Licht's exit as CEO of CNN gives Warner Bros. Jeff Zucker, whose title was president, led CNN successfully — if not without controversy — for nine years. The CEO title didn't empower Licht, who was seen as executing Zaslav's vision, not his own. Without a CEO title. If Zaslav anoints a Licht replacement without the CEO title, even if the functions of the job don't change much, media observers will see it as a less lofty role.

Persons: Chris Licht's, Jeff Zucker, Licht, WBD, David Zaslav, that's, — Zucker, Zaslav, Zucker, David Leavy, should've, — Organizations: CNN, Warner Bros, CNN Worldwide, WarnerMedia News, Sports, Trump, Street Journal

☆ Timeline: CNN’s 18 Months of Tumult
▼ + stars: | 2023-06-07 | by ( Gregory Schmidt | ) www.nytimes.com time to read: +1 min

CNN has endured nearly two years of turmoil as the cable news network has struggled to overcome national scandals, abrupt departures, plummeting ratings and declining profits. The tumult culminated this week with the sudden exit of CNN’s top boss, Chris Licht, whose rocky 13-month run as the leader of CNN came to an end after a string of controversies. He was appointed chief executive and chairman of CNN in February 2022, succeeding Jeff Zucker, who had resigned weeks earlier. Here’s a timeline of 18 months of turmoil at CNN that led up to his ouster. CNN fired Chris Cuomo, a star anchor, on Dec. 4, 2021, over his involvement in the political affairs of his brother, former Gov.

Persons: Chris Licht, Jeff Zucker, . Licht, Licht, Chris Cuomo, Andrew M, Cuomo Organizations: CNN Locations: New York

☆ Chris Licht's tumultuous 13-month run as CEO of CNN: Layoffs, anchor drama, and that really bad Atlantic profile
▼ + stars: | 2023-06-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

Discovery CEO David Zaslav emailed staff, letting them know Licht was stepping down. On the programming side, Licht launched "CNN This Morning," with anchors Don Lemon, Poppy Harlow, and Kaitlan Collins. "It's another shit show" on top of Licht's multiplying challenges at CNN, one former employee told Insider at the time. "Having people applaud those sexual abuse comments definitely made me question my allegiance to this network," one network executive told Insider. CNN's own media reporter Oliver Darcy said Licht had "lost the room," adding that dozens of CNN staffers no longer had confidence in their leader.

Persons: Chris Licht, David Zaslav, Licht, Zaslav, He'd, Jeff Zucker, Stephen Colbert's, Joe, Licht's, WBD, —, Brian Stelter, John Harwood, Don Lemon, Poppy Harlow, Kaitlan Collins, Chris Cuomo, Nikki Haley, isn't, Lemon, Gayle King, Charles Barkley, Dana Bash —, Donald Trump, Trump, CNN's Collins, Zucker, Insider's Nich Carlson, Zaslav's, Puck's Dylan Byers, he'd, CNN's, Oliver Darcy, Anderson Cooper, Jake Tapper, Max Tani Organizations: CNN, Warner Bros, Discovery, Licht, CBS, Trump, House, Republican Party, — CNN, AP, Variety, cnn Locations: Trump

☆ Jeff Zucker reportedly compared his firing from CNN to a gunshot wound: 'I gave them a gun, and they shot me with it'
▼ + stars: | 2023-06-04 | by ( Alison Brower | ) www.businessinsider.com time to read: +5 min

Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report. Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report — in part a self-inflicted one. "I gave them a gun, and they shot me with it," Zucker reportedly said. Zucker was an immensely popular leader at CNN, and his firing was a staggering shock to its newsroom and the media industry. Licht and Zucker met a few months after Zucker's firing, over a lunch in the Hamptons arranged by other media stakeholders, the Times reported.

Persons: Jeff Zucker, Zucker, Chris Licht, Allison Gollust, Tim Alberta, Gollust, Andrew Cuomo, Risa Heller, Heller, Zucker's, David Zaslav, Laurene Powell Jobs, Emerson, WBD, Licht, Don Lemon, Donald Trump, Zaslav, David Leavy Organizations: CNN, New York Times, Yale University, Times, Atlantic, WarnerMedia, Warner Bros, Discovery, Hamptons Locations: WarnerMedia, New York

Goldman Sachs released its list of high conviction stocks — with a new twist. What makes this list unique from the typical top picks list is that members of Goldman's Investment Review Committee were the ones choosing the names, adding a second layer of analysis. Take a look at some of the names that made the list, and where Goldman sees them going forward. Goldman expects shares to have 42% upside over the next 12 months. The tech giant's scale, platform breadth, category diversification and end-market exposure will further fuel its upside opportunity in the years ahead, according to Sheridan.

Persons: Goldman Sachs, Steven Kron, Goldman, Kate McShane, Chris Shibutani, Eric Sheridan, Brett Feldman, Max —, — CNBC's Michael Bloom Organizations: Goldman's Investment, Pharmaceutical, Merck, Goldman, Amazon, Services, Warner Bros, HBO Max Locations: Sheridan, WarnerMedia

☆ Warner Bros. Discovery just made another round of layoffs in sports, after calling 2023 a 'rebuilding' year
▼ + stars: | 2023-05-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +1 min

Discovery just laid off dozens of people across its sports division. WBD Sports has the rights to NBA, NHL, and MLB, plus streaming services and brands like Bleacher Report. Discovery isn't done with cuts after all — the media giant laid off dozens in its sports division on May 16. WBD CEO David Zaslav and other company leaders have been drumming the message that 2023 is a "rebuilding" year after the massive layoffs and cost cuts that followed the completion of the WarnerMedia and Discovery merger in spring 2022. Between layoffs and open positions that were not filled, the total cuts at WBD Sports represented about 10% of its workforce.

☆ Warner Bros. Discovery's ad sales chief is battling for market share at the TV upfronts. Meet his 8 deputies driving the strategy.
▼ + stars: | 2023-05-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Discovery's Jon Steinlauf is working to help the company rebuild amid a soft ad market. The task of grabbing a greater share of that ad market falls to chief US advertising sales officer Jon Steinlauf. He'd led its ad sales since 2018, having joined Discovery through its acquisition of Scripps Networks. He also has Warner experience, having served as VP of ad sales for Turner Broadcasting's TBS and TNT networks in the '90s. And it shared with Insider that four of Steinlauf's eight direct reports are women and that 56% of the ad sales leadership team are women.

☆ Warner Bros. Discovery's ad sales chief reveals how he'll tout flexible offerings and 6 new measurement deals to grab brand dollars from TV rivals
▼ + stars: | 2023-05-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Discovery ad sales chief Jon Steinlauf has a strategy to grab market share at the TV upfronts. WBD left money on the table at the 2022 upfront, Steinlauf said, and faces a soft 2023 ad market. Discovery's pitch to advertisers was all about the breadth of its newly merged portfolio of news, sports, and lifestyle entertainment. When it comes to WBD's Premiere package of top ad inventory, for example, ad sales chief Jon Steinlauf emphasized how advertisers could customize the mix of programming to meet their wants. Discovery debuted at an inopportune time, just a few weeks ahead of the biggest TV sales event of the year.

☆ We identified the 112 top executives at Warner Bros. Discovery under CEO David Zaslav as the year-old company takes aim at Netflix and Disney
▼ + stars: | 2023-05-15 | by ( Claire Atkinson | Lucia Moses | Taylor Tyson | ) www.businessinsider.com time to read: +2 min

Warner Bros. One year after Discovery acquired WarnerMedia, WBD CEO David Zaslav faces economic headwinds and an ad slump. Insider mapped out the 112 most powerful people under Zaslav leading WBD film and TV studios, HBO, CNN, and more. One year after the merger that created Warner Bros. While Kathleen Finch has joined the mix with her portfolio of Discovery channels, top TV execs from the WarnerMedia regime — HBO's Casey Bloys and Warner Bros. TV studios chief Channing Dungey — are still in place.

☆ Warner Bros. Discovery's sales chief Jon Steinlauf is battling for business in a tough TV ad market. Meet his 8 top deputies.
▼ + stars: | 2023-05-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Discovery's Jon Steinlauf is helping the company rebuild but faces a soft ad market. The task of grabbing a greater share of that ad market falls to chief US advertising sales officer Jon Steinlauf. He'd led its ad sales since 2018, having joined Discovery through its acquisition of Scripps Networks. He also has Warner experience, having served as VP of ad sales for Turner Broadcasting's TBS and TNT networks in the '90s. And it shared with Insider that four of Steinlauf's eight direct reports are women and that 56% of the ad sales leadership team are women.

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