Warner Bros. Discovery is laying off more employees after cutting thousands of jobs last year as it tries to boost free cash flow. Chief Executive Officer David Zaslav threw his weight behind CNN CEO Chris Licht for a year, only to fire him this month after a series of internal errors with employees and external mistakes with programming.
Then there’s the company’s movie, cable and streaming businesses. DC Studios’ co-chief James Gunn and Zaslav both trumpeted “The Flash” as one of the greatest superhero movies ever made, but the film flamed out at the box office amid mediocre reviews. This week, Zaslav held an emergency call with directors Steven Spielberg, Martin Scorsese and Paul Thomas Anderson to convey his commitment to classic movies as he lays off employees at the cable network TCM. HBO Max is now Max, but that hasn’t stopped the service