AT&T Signs Deal To Combine Media Operations, Including CNN, With Discovery

NEW YORK (AP) — AT&T will combine its massive media operations that include CNN HBO, TNT and TBS in a $43 billion deal with Discovery, the owner of lifestyle networks including the Food Network and HGTV. Faced with cord-cutting and incursions by streaming services, major broadcast media companies have retrenched and sought strength through mergers. […]

'Godzilla vs. Kong' scores $9.6 million opening day, a record for a pandemic release

"Godzilla vs. Kong" tallied $9.6 million during its opening night, marking the best debut for any movie released during the pandemic. The Warner Bros. film screened in 2,409 venues on Wednesday and will expand to 3,064 locations by Friday. As vaccination rates continue to rise and studios continue to release big blockbusters, theater operators are […]

Jennifer Biry Named WarnerMedia CFO, Replacing Pascal Desroches

WarnerMedia Wednesday named Jennifer Biry chief financial officer, replacing Pascal Desroches, who it was announced earlier this month will become CFO of parent AT&T. Biry, finance chief for the AT&T Communications group mobility and entertainment businesses, will lead all financial operations for WarnerMedia reporting directly to CEO Jason Kilar. Desroches, a longtime Time Warner and […]

'Wonder Woman 1984' will debut in theaters and on HBO Max this Christmas

On Wednesday, HBO Max announced that "Wonder Woman 1984" would arrive on its streaming service on Dec. 25, the same day it hits theaters The decision to keep "Wonder Woman 1984" on the 2020 calendar will allow theater chains to make a profit off ticket sales and also drive subscriber sign-ups to HBO Max. Warner […]

AT&T reportedly looking to sell CNN after 'hit' from 'hating Trump': Gasparino

Charlie Gasparino: AT&T is looking to sell CNN Fox Business Network senior correspondent tells ‘Tucker Carlson Tonight’ Jeff Bezos is ‘uninterested in CNN, for now.’ AT&T is reportedly looking at selling CNN to pay its massive debt, but the cable news company may have hit its peak "hating Trump," Fox Business Network senior correspondent Charlie Gasparino […]

WarnerMedia Starts New Wave Of Layoffs, As CEO Jason Kilar Calls Process “Painful”

A significant round of layoffs forecast last month at WarnerMedia is getting under way today. CEO Jason Kilar emailed staffers this morning, acknowledging the process is “painful” but also calling it a “critical” step in the AT&T division’s evolution. (See his full memo below.) The entertainment outfit has seen multiple staff reductions since the acquisition […]

HBO owner AT&T squeezed by losses in entertainment unit WarnerMedia

AT&T’s third quarter earnings were dragged down by the entertainment assets its recently acquired from Time Warner even as its new streaming service, HBO Max, continued to gain subscribers. The telecom giant behind Warner Bros. film studios and HBO said its profit for the three months ended in September fell to $2.8 billion, or 39 […]

Harris embraces VP nominee attack dog role, says case against Trump ‘open and shut’

Kamala Harris says the case against President Trump is ‘open and shut’ California Sen. Kamala Harris makes first joint appearance with presumptive Democratic presidential nominee Joe Biden. Minutes after she was formally introduced by presumptive Democratic presidential nominee Joe Biden as his running mate, Sen. Kamala Harris latched on to the traditional attack dog role […]

HBO owner AT&T reports $830M hit from the coronavirus

HBO owner AT&T saw its profit sink in the second quarter as the coronavirus crimped advertising revenue in its entertainment division and accelerated the decline of its satellite TV business. The telecom and media giant said COVID-19-related issues cut into earnings by $830 million, including a 22.9 percent decline in revenue from its WarnerMedia entertainment […]