RadioOnFire.com - Following the landmark $85 billion merger, AT&T wasted little time in rebranding the newly acquired Time Warner into 'Warner Media.' In addition to the name change, with Warner Media now being under the control of AT&T, the parent company decided to part ways with John Martin who served as CEO for Turner. Those who reported to Martin included Turner President David Levy, Turner International President Gerhard Zeiler, and CNN Worldwide President Jeff Zucker, now report to AT&T CEO John Stankey.
In a memo to his "new colleagues," Stankey wrote: “This initial Turner org structure will allow me to work more closely with more Turner leaders and accelerate my personal learning of the business."
Over the next 60-days, personnel transitions will see many top-level executives let go from the former Time Warner media empire in an effort to meet its goal of $1.5 billion in costs savings.
Source: nypost.com
No comments:
Post a Comment