variety.com
76%
594
Warner Bros. Discovery Layoffs Hit Domestic Cable Group; TCM Sees Leadership Shuffle
Cynthia Littleton Business Editor Warner Bros. Discovery has begun implementing layoffs in its domestic cable group, cuts that will affect about 100 employees across legacy Discovery and Turner outlets. Amid the shuffle, TCM general manager Pola Changnon is leaving the classic movie channel after more than 25 years with TCM and Turner. Michael Ouweleen, president of Adult Swim, Cartoon Network, Discovery Family and Boomerang, will oversee TCM, as he did prior to the Warner Bros.-Discovery merger in 2022. The plan for layoffs across Warner Bros. Discovery’s major divisions were signaled late last year when the company faced extreme financial pressure amid rising losses from its streaming operations and the weakening macroeconomy. WBD’s domestic cable channels — including Discovery, TNT, TBS, TLC, HGTV, Food Network and CNN — were once the envy of the industry in terms of viewership and profitability. But the fast-changing pay TV marketplace and the rise of on-demand streaming has upended the reliable cable TV earnings power that made the former Time Warner a dynamo in the 1990s and early 2000s.
