Cynthia Littleton Business EditorWarner Bros. once stood as the citadel of Hollywood, a mighty fortress of moviemaking.Today, the studio is bracing for its third massive executive shake-up in as many years.
The special aura that always seemed to hover around the sprawling Burbank lot looks more like a dense fog these days.The mood at the studio can only be described as grim following the bombshell news on May 16 that AT&T had secretly orchestrated a deal with Discovery that will once again alter the playing field.
Now, Warner Bros. and the rest of WarnerMedia will be in limbo for at least a year while a fleet of lawyers and bankers complete the transaction with Discovery.
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