Jeff Zucker Reaches Resolution With WarnerMedia Over Abrupt CNN Exit; Won’t Sue
deadline.comEXCLUSIVE: Jeff Zucker has finalized a deal with WarnerMedia over the former CNN chief’s sudden fall from grace last month.Details of the package are being kept close to the vest, but sources tell us Zucker made the decision several weeks ago to accept what had been put on the table by his old bosses not longer after his cable news exit.
What we do know is that, if WarnerMedia keeps their side of the deal, in the next week to 10 days, Zucker will receive a one-time payment in the tens of millions.Quiet publicly since his departure from CNN, we are told that Zucker sees this as a chance to move on and pursue the next chapter of his career.
In terms of moving on, as a part of the agreement with WarnerMedia, the one-time NBCUniversal head honcho has waived any future right or intention to pursue litigation against his old corporate overlords.Hired by Zucker a couple of weeks after his abrupt February 2 CNN adieu, Hollywood heavyweight litigator Patricia Glaser of Glaser Weil quickly penned a note to WarnerMedia warning them that CEO Jason Kilar’s characterization of how everything went down was inching close to becoming defamatory towards her client.Represented by Craig Jacobson of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP in the actual settlement with WarnerMedia, the former Today producer had been weighing a legal battle with the Kilar-run WarnerMedia.
However, with waves of bad press over the weeks since Zucker left CNN in early February, that option looked less and less appealing.
Read more on deadline.com
