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WarnerMedia Purge Continues Ahead Of Discovery Merger: EVP Corp Comm Christy Haubegger, EVP General Counsel Jim Meza, EVP HR Jim Cummings, CFO Jennifer Biry & More

EXCLUSIVE, UPDATED WITH MORE DETAILS: Less than 24 hours after CEO Jason Kilar, HBO Max boss Andy Forssell and Studio chief Ann Sarnoff were pink slipped from the about to disappear WarnerMedia, more executives were shown the door today.

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HBO Max Head Andy Forssell Is Out Ahead Of Discovery Merger

In a bloodbath Tuesday at WarnerMedia before the Discovery merger, add HBO Max Head Andy Forssell to the list of exiting executives. He joins WarnerMedia studios and networks group chairman and CEO Ann Sarnoff and WarnerMedia CEO Jason Kilar.

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HBO Max Chief Andy Forssell Exits WarnerMedia Ahead of Discovery Merger Close (EXCLUSIVE)

HBO Max executive vice president and general manager Andy Forssell is leaving WarnerMedia ahead of the close of the company’s merger with Discovery, which is now set to close as early as Friday, Variety has learned.News that Forssell is out the door comes just as sources confirmed WarnerMedia studios and networks group chairman and CEO Ann Sarnoff was informed on Tuesday by leadership that her position would be eliminated, and follows WarnerMedia CEO Jason Kilar’s resignation this morning.As Variety reported earlier Tuesday, though insiders previously said the transaction between Discovery and WarnerMedia’s current owner AT&T would be formally completed on April 11, leading to the creation of new company Warner Bros. Discovery, two sources with knowledge of the situation say the merger is now expected to potentially be finalized by the close of business Friday.

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Ann Sarnoff Departing As WarnerMedia Studios And Networks Chief

Ann Sarnoff, who has held a senior film and TV studio role at WarnerMedia for nearly three years, is departing the company ahead of its merger with Discovery.

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Ann Sarnoff Out at WarnerMedia as Discovery Merger Nears Closing

WarnerMedia studios and networks group chairman and CEO Ann Sarnoff is exiting her post, sources tell Variety.Sarnoff was informed by leadership on Tuesday that her position would be eliminated, one insider said. The ground is shifting rapidly for executives and other divisions at the media giant as it nears completion of its merger with Discovery.“I want to thank Ann for all of her leadership during a transformational period for the company and our industry. She has been a passionate and committed steward of the world’s most formidable creative engine and has led with integrity, focus and hard work in bringing WarnerMedia’s businesses, brands and workforce closer together,” said David Zaslav, the incoming CEO of the merged Warner Bros.

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Discovery-WarnerMedia Merger Could Close as Early as This Friday (EXCLUSIVE)

Jennifer Maas TV Business WriterThe Discovery-WarnerMedia merger could close as early as Friday, Variety has learned exclusively.Previously, insiders said the transaction between Discovery and WarnerMedia’s current owner AT&T would be formally completed on April 11. On Tuesday, amid WarnerMedia CEO Jason Kilar formally announcing his exit timed to the rapidly approaching close of the formation of Warner Bros.

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Discovery-WarnerMedia Merger’s Fast-Approaching Close Sparks Questions About Leadership and Integration Plans

Jennifer Maas TV Business WriterAs Discovery and WarnerMedia leaders go full throttle on final merger preparation for the anticipated April 8 closing date, the industry is eager to learn how Warner Bros., HBO and the former Turner cable networks will exist alongside Discovery’s large portfolio of global channels and content operations.The formal tying-of-the-knot can’t come soon enough for executives, staff, creatives and talent at both companies, who also are still largely in the dark about potential structural changes, management shifts and strategic pivots.On Tuesday morning, WarnerMedia CEO Jason Kilar announced that he would be stepping down ahead of the merger. Besides that, there’s a rudimentary “initial wordmark” logo for Warner Bros.

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WarnerMedia CEO Jason Kilar Formalizes Plan To Exit Company Ahead Of Discovery Deal Close

Jason Kilar, the former Hulu and Amazon exec who has led WarnerMedia as CEO since May 2020, has formalized plans to exit the company on the eve of its merger with Discovery.

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Amazon CEO Andy Jassy Made $212.7 Million In 2021, Six Times His 2020 Pay

Andy Jassy, a longtime Amazon exec who became the company’s CEO last summer, made $212.7 million in total compensation in 2021, according to an SEC filing.

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Peter Bart: Corporate Hubris Makes For Embattled CEOs, But Good TV

Bob Chapek, the Disney CEO who is under siege, hopefully does not watch much TV. If he does, he’ll see a succession of fellow CEOs who seem prone to self-destruction — Adam Neumann of WeWork, Travis Kalanick of Uber, Elizabeth Holmes of Theranos, etc. — portrayed on buzzy TV series. Viewing these shows back to back, the stolid Chapek might wonder whether the CEO is extinct as a folk hero.

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Discovery Board Dinged By Shareholder Advisory Firm For “Poor Stewardship” On CEO Pay

ISS, an influential shareholder advisory firm, has recommended “withhold” votes for the three Discovery directors up for reelection at the April annual meeting “due to poor stewardship” in compensation.

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AT&T Sets More Details For WarnerMedia Spinoff Ahead Of Discovery Merger

AT&T has firmed up more details of its spinoff of WarnerMedia, which is poised to combine with Discovery in a $43 billion merger.

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Endeavor Boss Ari Emanuel’s 2021 Pay Surged To $308M After Company’s IPO; $67.5M Of It Deemed “Recognized Compensation”

Endeavor CEO Ari Emanuel’s 2021 compensation reached $308.2 million, at least on paper, thanks to the company’s initial public offering last April.

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Endeavor Chief Ari Emanuel “Not Nervous” That Warner Bros Discovery Could Pump Brakes In Streaming: “Everyone Else Is Spending”

Endeavor CEO Ari Emanuel, who has long espoused the benefits of streaming’s boom times, said he’s “not nervous” about Warner Bros Discovery possibly pumping the brakes as it looks to take on Netflix and Disney.

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Chris Cuomo Hits Back At CNN “Smear Campaign” With $125M Arbitration Demand

EXCLUSIVE: After months of legal anticipation after his December 2021 firing by Jeff Zucker, Chris Cuomo has just launched the official opening salvo in what looks to be protracted battle with CNN for not only $125 million in cash, but his character and family drama as well.

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Discovery And AT&T Determine Board Of Directors For Merging Media Company

Discovery and AT&T have determined the 13 members of the board of directors for Warner Bros Discovery, the new company that will be created via a pending $43 billion merger.

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AT&T Names Samuel Di Piazza Chairman of Warner Bros. Discovery

Todd Spangler NY Digital EditorSamuel Di Piazza Jr. will serve as the chairman of Warner Bros.

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Discovery CEO David Zaslav’s 2021 Pay Package Totaled $246M On Massive Stock Option Grant

Discovery CEO David Zaslav’s total pay package came to more than $246 million for 2021 as the company prepares to close its merger with WarnerMedia.

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Streaming Combo Of HBO Max And Discovery+ Will “Take A While,” CFO Affirms

Eventually, HBO Max and Discovery+ will come together as a single streaming offering, but the integration will “take a while,” CFO Gunnar Wiedenfels said at an investor conference today.

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Discovery Stockholders Approve $43 Billion WarnerMedia Merger

Jennifer Maas TV Business WriterDiscovery investors voted in approval of the company’s $43 billion acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery during a special meeting of stockholders Friday, marking one of the final formal steps before the transaction can close.The deal, a spinoff of WarnerMedia from AT&T, is expected to be completed early in Q2, with insiders telling Variety the estimated date is between April 11-28. The merger has already received approval from the U.S.

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As WarnerMedia-Discovery Deal Nears Close, David Zaslav Shapes Up Executive Team With Eye On $3B Cost Savings Target

Discovery shareholders are set to OK the $43 billion merger with WarnerMedia on Friday, the last big step before AT&T completes the spinoff. Ahead of the deal’s expected close next month, a who’s-in/who’s-out parlor game is gaining intensity as CEO David Zaslav finalizes the leadership team.

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