Warner Bros. Discovery Set For More TV Layoffs This Summer Deadline understands that the company is expected to cut some roles in its cable TV business, which includes the Discovery-branded cable... — read more
Warner Bros. Discovery Stock Slides After Max Streaming Rebrand
Off to a great start... https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-stock-max-1235372644/
Zaslav Took An 85% Paycut
Orchestrating around $4 billion in synergy cuts at the newly consolidated Warner Bros. Discovery last year, company CEO David Zaslav saw his own 2022 compensation drop from more than $246 million the previous year to just $39.3 million. I have my... — read more
"streaming services have yet to become profitable"
"Online content is becoming super competitive and complicated which means the need to prove itself worthy of investors' attention is more important than at any point in the past, certainly since COVID hit," Fitz-Gerald said. "I do not own the stock... — read more
leadership are quite literally re--rded
Kathleen Finch, Warner Bros. Discovery U.S. networks chief content officer: Linear TV will absolutely still be here. When you look at the size and scope of the linear TV business, it’s huge. People still like to sit down as a group in front of the... — read more
Warner Is Buying Again
Word is Zas is ready to buy, but its unclear what the budgets are going to look like compared to previous years (particularly on the Discovery side). Anyone know?
"You opted to be here"
News flash: Company town hall, Zaslav tells the employees, "You opted to be here" as to the fact that they need to/should be embracing his vision. Like a mugger telling their victim who is laying on the ground, "you opted to be here, at least I... — read more
Talk about the wolf being at the front door! Unkie Zas is selling the WBD music library for a cool billion. Zas way overpaid and assumed unneeded at&t debt in the acquisition. The WBD share price is $13, I'm not sure how Zas is keeping the lights... — read more
# of voluntary departures
I know this site is about layoffs, but does anyone have number on voluntary departures? Just the number that i see in the areas i work with is huge. Between involuntary and voluntary the old time warner / warnermedia must be down 50% in the past 2... — read more
"It will be a difficult time for everyone"
The irony is that in one or two years' time, chris licht is going to experience the same kind of difficulty. zaslav couldn't have picked a worse guy to turn around the trump derangement syndrome network after colbert couldn't even consistently beat... — read more
WTF IS THIS? LMAOO
We are doomed. https://ew.com/tv/hgtv-food-network-christmas-movies-first-photos/
Shareholders deserve better.
Wake up Zas! WBD shareholders have had enough. You have ruined Discovery with your acquisition of Warner. Most think Stankey got the better of Discovery. Warner was worth no more than $8B. Zas way overpaid! WBD is now in shambles and will never... — read more
Zas got hoodwinked
3Q results in today, horrible in every aspect. Give it up Zas, you are in way over your head. You paid 4X what Warner was worth. Now WBD is in debt $57B. How does this happen, no way Zas will ever pay off that debt. WBD will be in bankruptcy within 2... — read more
Do you really wanna die on that hill?
Someone should have asked Zas if he was absolutely certain that he wanted to die on that hill prior to the acquisition of Warner Media. Since the acquisition WBD has been on a downward spiral. I think there is a very good chance WBD will declare... — read more
CW Layoffs: More Details Emerge About Executives Who Exited In Tuesday Cuts
Some good news for a change
James Gunn, Peter Safran named new heads of Warner Bros.′ DC studios James Gunn and Peter Safran will be the next co-heads of Warner Bros. Discovery’s DC Comics film and TV unit, the company announced... — read more
Thinking that there would be a lot of savings from outsourcing the CEO position to Poland or Mexico.
WBD is done!
Zas is in way over his head. Talk about managing decline. There is nothing to look forward to with this company. They can merge all they want, it's still an uphill battle that will ultimately be won by the likes of YouTube. Who would have thought... — read more
HBO was something I looked up to. Quality . This company became its own game of thrones and ultimately the iron throne is a hot pile of sh-t
This was a very satisfying read!
Warner Bros Discovery Merger Idiocy Continues With Another Big Round Of Layoffs Despite a series of acquisitions and name changes, the deal has been a giant, monumental, dysfunctional tu-d from the very beginning, showcasing all of the worst... — read more
Dear Adria Alpert Romm
Thank you so much for your email, making sure we all knew yesterday was Mental Health Awareness day. I appreciate you responding to the Survey, but apologies, i missed the question regarding the mass layoff being one of the things, "types of... — read more
The destruction of Warner Bros. continues
More layoffs, more great talent gone and more people in the industry alienated. If the goal when acquiring Warner Bros. from AT&T was to completely destroy it then Zaslav is doing a tremendous job. The stock is certainly proof of that. It has been in... — read more
Trump sues CNN for defamation and seeks $475m in punitive damages
This will be laughed out of court but here it is anyhow. https://www.theguardian.com/us-news/2022/oct/03/trump-sues-cnn-defamation-punitive-damages
More layoffs at CNN
It'll be a pale caricature of its former self once the as----e in charge is done with it.
$11.36 share price
Are you kidding me? -$14.15 since acquisition. Somebody call the cops!
Are you kidding me?
WBD = $11.56 Almost at single digit level, then on to penny stock. Zas is in way over his head. He needs to step aside and let a qualified CEO take over.
This Could Be More Than Just Layoffs... Yikes.
just a few days ago leadership was targeting 30% of ad sales/$3B in cost savings, but that was before the stock was threatening $11 per share. Given market dynamics beyond Zaslav's control, there is a real possibility we could be looking at lights... — read more
Marc Graboff is history EOY!
Can you believe it? What next? I know we merge with Universal. This is crazy, we have lost all our good talent and are scraping the bottom of the barrel, Zas included.
Let's go ahead and merge with Universal. This media industry is ripe for consolidation. We only need three major players in media, it's as simple as that. If no consolidation occurs, there will be many media company bankruptcies in the near term.
Zas got hoodwinked!
Yes, that's right. Stankey knew early on the Warner Media was a big mistake. He needed to dump Warner Media without delay. Stankey convinced Zas that Warner would be a good fit for Discovery. Sad sealed it hook, line, and sinker. Share price dropped... — read more
If You Work in Film and TV, Get Ready for Layoffs
Warner Bros. Discovery Inc. said this week it’s sacking 100 TV ad salespeople, Paramount Global acknowledged it may stop offering Showtime as a standalone streaming service, and Netflix Inc., an industry gravy train for the last decade, announced... — read more
"Like McDonald's Acquired a Michelin Star Restaurant
and thinks they know how to run it." https://deadline.com/2022/05/warner-bros-discovery-return-to-office-mandate-culture-clash-debate-post-warnermedia-merger-1235019565/ This analogy is becoming truer and truer with each passing day. Hey we know... — read more
WBD shares at $13.15
Come on Zas, when are you gonna do something about the share price? We are sick of it, I should have sold off all my shares when at&t unloaded this mess on you. This company is a dumpster fire.
Warner Bros. Discovery insiders are bracing for more layoffs in the days ahead as the company looks to cut global ad sales force
Warner Bros. Discovery insiders are bracing for layoffs starting as soon as next week. The cuts are expected to hit ad sales teams, the latst in a series of rolling layoffs throughout the year. CEO David Zaslav is under pressure to wring $3... — read more
This is getting unbearable
If I don't get a better offer soon, I don't know how longer I can endure this much pressure doing a triple workload. They are literally testing our limits. Perhaps their goal is to have as many people as possible leave voluntarily?
The leadership has no idea what it's doing
The stock keeps plummeting with every move they make and some of you think they're doing a good job? Don't make me laugh. Their attempt to cut costs on account of deleting stuff and turning their back on women and minorities is costing much more than... — read more
Zaslav Might Actually Know What He's Doing
I think Discovery is just a very ‘all’ audience, [they] don’t wanna make things that are political, topical, alienate Middle America—more Chip and Joanna If you want to still have a job in the media industry 5 years from now, this is the way. DEI... — read more