WarnerMedia Will Add A Diversity Executive To Top Management Team

Read on: Deadline.

WarnerMedia chief John Stankey has told employees that he plans to add a Chief Diversity & Inclusion Officer to the executive ranks of the AT&T subsidiary.
The message comes during a period of transition for the company formerly known as Time W…

Fox Consumer Products Chief Jim Fielding Joins Post-Disney-Deal Layoff List

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Jim Fielding, a veteran consumer products executive, is one of the high-ranking Fox managers who will be exiting in the wake of Disney’s $71.3 billion acquisition of most of Fox.
He had joined the company in 2017 from DreamWorks Animation, taking…

Fox Sets Disney “Transaction Tax,” Plans Investor Confab; Stock Slips Again

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Fox Corp. has confirmed it received a $2 billion cash payment from Disney, which reduces the “transaction tax” the new entity paid to 21st Century Fox to $6.5 billion. Both were expected steps following the closing of the $71.3 billion Disn…

Nexstar Sells Off TV Stations Worth $1.3B, Including New York’s WPIX

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Nexstar Media Group, whose pending deal to acquire Tribune Media will make it the No. 1 owner of local TV stations in the U.S., said it is selling off 19 stations in 15 markets, a move that will net the company $1.32 billion in cash.
Rival station grou…

Disney-Fox Deal: Per-Share Value Set, Bob Iger Hails “Historic Moment”

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Hours before their asset combination closes, Disney and Fox released the per-share value of the deal and offered a final blessing by Disney CEO Bob Iger, who called the deal “an extraordinary and historic moment for us.”
Disney’s $71 …

Fox Corp. Begins New Era As Stand-Alone Company, With Former House Speaker Paul Ryan Joining Board

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With fewer than 24 hours remaining before the acquisition of 21st Century Fox by Disney closes, the remaining stand-alone entity Fox Corp. begins trading today and has announced new members of its board of directors.
The company will maintain the ticke…

Fox Shareholders Favor Getting Cash Over Stock When Disney Deal Closes

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Nearly 52% of shareholders in 21st Century Fox, the entity that is about to be acquired by Disney, have expressed a preference to receive cash in exchange for their shares after the Disney-Fox deal closes early Wednesday.
About 37% of shareholders said…

MGM Vet Cheryl Rodman Joins Spyglass Media Group As Chief Legal Officer

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Spyglass Media Group, the independent production and distribution outfit launched this week by Gary Barber and Lantern Entertainment, has tapped Barber’s former MGM colleague, Cheryl Rodman, as its Chief Legal Officer.
She will oversee legal matt…

Lantern Entertainment And Gary Barber Launch Spyglass Media Group, A New Home For Former Weinstein Co. Assets

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Former MGM CEO and Spyglass principal Gary Barber and Lantern Entertainment have joined forces to form Spyglass Media Group, an independent outfit, which will blend new film and TV projects with the Weinstein Co. assets.
Strategic investors include Eag…

Tribune Company Shareholders Approve Acquisition By Nexstar

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Tribune Media shareholders overwhelmingly approved the company’s plan to be acquired by Nexstar Media Group during a special meeting today.
The $4.1 billion proposal won the OK of more than 95% percent of the votes cast by the Company’s Class A c…

CBS Acquires Lionsgate’s Half Of Pop Cable Network

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CBS has bought out Lionsgate to acquire full ownership of the cable network Pop.
Terms for the transaction were not immediately revealed by either company. In 2013, CBS invested $100 million in half of the network, when it was still known as the TV Gui…

New Turner Sports Boss Jeff Zucker On Expanded WarnerMedia Purview: “News And Sports Are Very Much The Same”

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A little more than a week after taking the reins at Turner Sports and adding it to his oversight of CNN and other news holdings at WarnerMedia, Jeff Zucker said his restructured mandate won’t change his approach to programming.
“I actually …

WarnerMedia Boss John Stankey Saw Pay Rise 64% In 2018 To $16.6M; AT&T CEO Randall Stephenson Steady At $29.1M

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John Stankey, who is restructuring WarnerMedia after an extended legal fight with the government over AT&T’s $81 billion acquisition of its assets, was well-compensated for his efforts in 2018, with his total pay package rising 64% to $16.6 m…

YES Network Sold For $3.5B To Yankees, Amazon, Sinclair, Private Equity – Reports

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The YES Network, the most prominent of the 22 regional sports networks being unloaded by Disney as a condition of closing its 21st Century Fox acquisition, has been sold for $3.5 billion, according to multiple media reports.
The buyers of the 80% of YE…

Disney Shareholders Approve Executive Pay And Hear New Details On Streaming, Fox Acquisition, Film Slate

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Disney shareholders today approved compensation packages of chairman and CEO Bob Iger and other executives, with just 57% voting in favor.
The vote, which was narrow but marked a reversal of last year’s rebuke by shareholders, punctuated the 90-m…

Sinclair’s Unrequited Tribune Quest Hits End Of FCC Review, But U.S. Judge Says “Extremely Serious Charges” Merit Probe

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An Administrative Law Judge reviewing Sinclair Broadcast Group’s ultimately unsuccessful effort to acquire Tribune Media at the FCC’s behest has dismissed the case with prejudice, urging a more thorough investigation of the matter.
Judge Ja…

WarnerMedia’s Bob Greenblatt On HBO’s New Mission, Blending Network Brands And The Outlook For Layoffs

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Bob Greenblatt, newly appointed chairman of WarnerMedia Entertainment and Direct to Consumer, said angst about layoffs has been overblown, and said the company’s bid to enter the streaming wars won’t mean a firehose approach by HBO or other…

Kevin Tsujihara On Warner Bros. After The WarnerMedia Reorg: Content Will Continue To Go To “Most Appropriate Platform”

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Warner Bros. chief Kevin Tsujihara, one of the senior WarnerMedia execs whose turf expanded with today’s executive restructuring, sees the revamp only enhancing what has lately been a fairly well-oiled machine.
Integration and synergy will be mor…

WarnerMedia Boss John Stankey Dismisses Reports Of Penny-Pinching, Says Reorg Layoffs Will Be “At The Margins”

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The executive reshuffling at WarnerMedia will not result in “massive” layoffs, despite reports to the contrary, and was not preceded by changes to the T&E policy or other penny-pinching moves by the AT&T-owned company, according to …

WarnerMedia Exec Reshuffling Amps Up Culture Clash With AT&T, Analyst Says: “We’ve Seen This Movie Before

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Michael Nathanson, a veteran Wall Street analyst who has been tracking AT&T along with the larger media, telecom and digital realm for more than a generation, cast a wary eye on the management reshuffling at AT&T’s WarnerMedia.
In a blog …