AT&T CEO John Stankey Made $25M Last Year, And Retired CEO Randall Stephenson Took Home $16 Million

Brent Lang Executive Editor of Film and MediaWall Street appears to like what Warner Bros. Discovery is selling.The combined media company started off its first full day of trading Monday in the green. Shares of Warner Bros.

according to CNN.Discovery stakeholders had approved the deal in mid-March.The merger will place AT&T’s Warner Bros., CNN, Turner and Discovery’s stable of nonfiction networks squarely under one roof — as well as two currently competing streaming services, Discovery+ and HBO Max, possibly giving the combined entity a fighting chance of moving into competition with Netflix and Disney+ among the leading streaming services.The deal also combines WarnerMedia’s U.S. sports rights like the NBA, MLB and March Madness with Discovery international sports giant Eurosport.

stepped down this week], and the entire WarnerMedia leadership, for leading this remarkable evolution through some of the most unprecedented times …. I am delighted to observe the progress and success you have enjoyed, and I am confident you will transition to this next chapter with even more opportunity. I offer my heartfelt thanks.”AT&T battled stiff regulatory resistance to acquire Time Warner in 2018, only to spin it off in a $43 billion deal with Discovery, whose shareholders approved the merger last month.

Brent Lang Executive Editor of Film and MediaAs Discovery closes its deal for WarnerMedia, John Stankey, the AT&T chief who oversaw the telecom company’s abandoned foray into the media world, bid farewell to his soon-to-be former colleagues. Stankey led AT&T’s acquisition of DirecTV and Time Warner in 2015 and 2018, before replacing Randall Stephenson as CEO role of AT&T in July 2020.“My respect and appreciation for those I have worked closely with is enduring, and I will miss continuing to learn and problem solve with you,” Stankey wrote.

AT&T CEO John Stankey, who decided last spring to spin off WarnerMedia into a $43 billion merged entity with Discovery, has sent a bouquet to WarnerMedia staff as the deal gets set to close.

previously reported would be expected to kick off his tenure with in many ways a clean sweep of the top executives and replace with his own execs. More to come…

WarnerMedia CEO Jason Kilar, who is stepping down this week before the company’s merger with Discovery closes, takes pride in being “first over the wall” with a day-and-date streaming movie strategy.

Jennifer Maas TV Business WriterAs Discovery and WarnerMedia leaders go full throttle on final merger preparation for the anticipated April 8 closing date, the industry is eager to learn how Warner Bros., HBO and the former Turner cable networks will exist alongside Discovery’s large portfolio of global channels and content operations.The formal tying-of-the-knot can’t come soon enough for executives, staff, creatives and talent at both companies, who also are still largely in the dark about potential structural changes, management shifts and strategic pivots.On Tuesday morning, WarnerMedia CEO Jason Kilar announced that he would be stepping down ahead of the merger. Besides that, there’s a rudimentary “initial wordmark” logo for Warner Bros.

Jason Kilar, the former Hulu and Amazon exec who has led WarnerMedia as CEO since May 2020, has formalized plans to exit the company on the eve of its merger with Discovery.

Jennifer Maas TV Business WriterWarnerMedia CEO Jason Kilar announced Tuesday he is stepping down ahead of the completion of Discovery’s acquisition of the company, which is expected to occur April 11.“With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be departing this amazing company,” Kilar said in a memo sent to WarnerMedia staff. “There are many feelings one could have in a moment like this, but for me there are none bigger, or more lasting, than the feelings of gratitude and love that I have for this team, this company, and this mission. I’ve never been more fulfilled professionally.

Andy Jassy, a longtime Amazon exec who became the company’s CEO last summer, made $212.7 million in total compensation in 2021, according to an SEC filing.

John Stamos took to social media to share the last text message Foo Fighters, drummer Taylor Hawkins sent him. The actor had a close friendship with the late star. The 58-year-old “Full House” alum shared on Twitter the cryptic text.

Related: ‘Violence instead of words’: Will Smith condemned for hitting Chris Rock at the Oscars The nearly four-hour telecast drew 15. 36 million viewers according to time-zone-adjusted fast national numbers from Nielsen, Variety reported on Monday.

When it comes to weight loss, unrealistic standards are often the norm. Fad diets and unsustainable lifestyle changes are likely not producing the results they advertise — especially not in the long run. Nutrisystem is changing the way weight loss looks for real people, making it a more easily attainable goal.

AT&T’s chief executive John Stankey had a $24.8 million salary in 2021, as compared to his $21 million pay the year prior and $22.5 million earnings in 2019, per the telecommunications giant’s Securities and Exchange Commission filing made available Tuesday. While the CEO made a base salary of $2.4 million in 2021 (slightly higher than his $2.05 million in 2020), he received stock awards valued at $13.42 million. However, Stankey’s non-equity incentive plan more than doubled from $3.25 million to $6.88 million from 2020 to 2021.According to the filing, CFO Pascal Desroches received $11.7 million overall compensation in 2021, his first year in the position.

Jennifer Maas TV Business WriterAT&T CEO John Stankey’s pay for 2021 rose 18% over the previous year to $24.8 million, per the company’s SEC filing Tuesday.His base salary for the year was $2.4 million, with a non-equity incentive plan compensation of $6.88 million.

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