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AT&T Chief John Stankey Fields Questions About Layoffs, Discovery and WarnerMedia Merger
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variety.comBrent Lang Executive Editor of Film and MediaAT&T chief John Stankey and Chief Financial Officer Pascal Desroches were asked tough questions about the implications of the pending merger of WarnerMedia and Discovery during an all-hands meeting of studio employees on Tuesday.Stankey tried to placate worried staffers by assuring them that he was going to advocate on their behalf and also urged them to “stay the course” during the months it will take for the deal to close.
Media coverage has largely focused on AT&T’s decision to spin off WarnerMedia as an ignominious retreat by the telecom giant from the content business, one that added unsustainable debt to its balance sheet.
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