AT&T already a long list of “to-dos” when it comes to WarnerMedia, the big entertainment conglomerate it purchased for $85 billion in 2018. Jeff Zucker’s exit from CNN makes it even longer.
Jeff Zucker’s announcement Thursday that he will exit his role as president of CNN, and, presumably, as head of Turner Sports, by the end of 2021 sets another hurdle before the telecom giant and WarnerMedia CEO Jason Kilar as they strive to broaden consumer use of the streaming-video hub HBO Max and push adoption of 5G technology that will make it all more accessible.
As executives work on those goals, they will need the revenue and profit they derive from traditional but out-of-vogue assets like cable networks and movies, long WarnerMedia’s stock in trade Under Zucker, CNN has thrown off more than $1 billion in annual profit and, in recent weeks, enjoyed a surge of viewership that put it...
Jeff Zucker’s announcement Thursday that he will exit his role as president of CNN, and, presumably, as head of Turner Sports, by the end of 2021 sets another hurdle before the telecom giant and WarnerMedia CEO Jason Kilar as they strive to broaden consumer use of the streaming-video hub HBO Max and push adoption of 5G technology that will make it all more accessible.
As executives work on those goals, they will need the revenue and profit they derive from traditional but out-of-vogue assets like cable networks and movies, long WarnerMedia’s stock in trade Under Zucker, CNN has thrown off more than $1 billion in annual profit and, in recent weeks, enjoyed a surge of viewership that put it...
- 2/4/2021
- by Brian Steinberg
- Variety Film + TV
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