AT&T has firmed up more details of its spinoff of WarnerMedia, which is poised to combine with Discovery in a $43 billion merger.
09.03.2022 - 06:41 / deadline.com
EXCLUSIVE: Jeff Zucker has finalized a deal with WarnerMedia over the former CNN chief’s sudden fall from grace last month.
Details of the package are being kept close to the vest, but sources tell us Zucker made the decision several weeks ago to accept what had been put on the table by his old bosses not longer after his cable news exit. What we do know is that, if WarnerMedia keeps their side of the deal, in the next week to 10 days, Zucker will receive a one-time payment in the tens of millions.
Quiet publicly since his departure from CNN, we are told that Zucker sees this as a chance to move on and pursue the next chapter of his career. In terms of moving on, as a part of the agreement with WarnerMedia, the one-time NBCUniversal head honcho has waived any future right or intention to pursue litigation against his old corporate overlords.
Hired by Zucker a couple of weeks after his abrupt February 2 CNN adieu, Hollywood heavyweight litigator Patricia Glaser of Glaser Weil quickly penned a note to WarnerMedia warning them that CEO Jason Kilar’s characterization of how everything went down was inching close to becoming defamatory towards her client.
Represented by Craig Jacobson of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP in the actual settlement with WarnerMedia, the former Today producer had been weighing a legal battle with the Kilar-run WarnerMedia. However, with waves of bad press over the weeks since Zucker left CNN in early February, that option looked less and less appealing. Also, as Zucker pal David Zaslav prepares for the merger of WarnerMedia and Discovery in the coming weeks, there was always the risk of what legal discovery could unearth of the way the sausage
AT&T has firmed up more details of its spinoff of WarnerMedia, which is poised to combine with Discovery in a $43 billion merger.
Taylor Zakhar Perez bares it all (while wearing a prosthetic) in the new HBO Max series Minx and Instagram thinks his new role is too steamy for the platform.
Loose Women star Kaye Adams slammed critics of Nazanin Zaghari-Ratcliffe after she was branded 'ungrateful' upon her return to the UK.
Brian Steinberg Senior TV EditorAfter nine years of generating headlines for CNN, Jeff Zucker is giving new thought to testing his acumen for the world of sports.The former WarnerMedia and NBCUniversal executive, who abruptly left his job as head of CNN in February after acknowledging he failed to disclose a romantic relationship with Allison Gollust, CNN’s former chief marketing officer, is said to be mulling some offers from the sports sector, according to two people familiar with the matter. None of these conversations are believed to be in their final stages, according to one of these people, and Zucker is said to be having discussions around a wide array of potential opportunities.Sports wouldn’t be a new area for Zucker.
EXCLUSIVE: Vito Schnabel (Before Night Falls), Julia Fox (Uncut Gems) and Steven Van Zandt (The Sopranos) have signed on to star in the dark comedy The Trainer, which Tony Kaye (American History X) is directing from a script by Schnabel and Jeff Solomon.
Jeff Garlin left his hit TV series, and yet somehow Murray Goldberg is still making appearances…
Wendi McLendon-Covey is clapping back at a fan who criticized the way is handling Jeff Garlin's exit. Garlin, who played the family patriarch, Murray Goldberg, since the show's inception, had not yet finished production on the show's ninth season when he decided to leave the show.
Zack Sharf ‘”The Goldbergs” series regular Wendi McLendon-Covey said on social media that the long-running ABC comedy series is simply trying its best to work around Jeff Garlin’s departure. The show has been heavily criticized for using previously shot footage of Garlin and CGI to insert the actor’s character into episodes, and the results have been bizarre for viewers.
EXCLUSIVE: After months of legal anticipation after his December 2021 firing by Jeff Zucker, Chris Cuomo has just launched the official opening salvo in what looks to be protracted battle with CNN for not only $125 million in cash, but his character and family drama as well.
Nazanin Zaghari-Ratcliffe, a British-Iranian mum who was detained in Iran for nearly six years, has been released from prison. Both Mrs Zaghari-Ratcliffe and fellow detainee Anoosheh Ashoori are believed to be heading to Tehran airport to leave the country.
The challenges and vicissitudes of living with cerebral palsy are made quite clear in Your Friend, Memphis, a sympathetic, up-close documentary that traces a few years in the life of a young man whose teenage optimism about his prospects narrows considerably as time marches on. It’s a poignant but ultimately tough tale that reflects a reality in which youthful hope almost inevitably gives way to the realization that, by one’s twenties, things are never going to get better, that life’s prospects decrease with age and the disappearance of family members and engaged helpers. As upbeat and determined as the subject is in his youth, grim facts at a certain point are impossible to ignore.
Jennifer Maas TV Business WriterDiscovery investors voted in approval of the company’s $43 billion acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery during a special meeting of stockholders Friday, marking one of the final formal steps before the transaction can close.The deal, a spinoff of WarnerMedia from AT&T, is expected to be completed early in Q2, with insiders telling Variety the estimated date is between April 11-28. The merger has already received approval from the U.S.
Discovery shareholders are set to OK the $43 billion merger with WarnerMedia on Friday, the last big step before AT&T completes the spinoff. Ahead of the deal’s expected close next month, a who’s-in/who’s-out parlor game is gaining intensity as CEO David Zaslav finalizes the leadership team.
Discovery and WarnerMedia are ceasing operations in Russia amid the ongoing war with Ukraine, the latest in a string of media and entertainment companies along with retail, tech and other businesses that are pulling out.
Jennifer Maas TV Business WriterWarnerMedia is “pausing all new business in Russia” amid the country’s continued invasion of Ukraine, CEO Jason Kilar announced Wednesday.“I want to share with each of you a number of decisions we have made with regard to WarnerMedia’s business operations in Russia,” Kilar said in a memo to WarnerMedia staff obtained by Variety. “Following the Russian invasion of Ukraine, WarnerMedia is pausing all new business in Russia.
For the past seven years, Chris Licht’s favorite comic has been Stephen Colbert. As the new chairman of CNN, Licht’s focus has instantly shifted to the brilliant ex-comic from Ukraine named Volodymyr Zelensky, whose heroics are the story of the hour.
Taylor Zakhar Perez is back on our TV screens after winning over fans in Netflix’s The Kissing Booth franchise!
CNN’s new subscription streaming service will be priced at $5.99 per month, with a special offer for early subscribers to get 50% off, according to the network.
NEW YORK -- Chris Licht, most recently Stephen Colbert's top producer at CBS, was appointed Monday as the new head of CNN, where he's expected to take over in May.Licht's expected appointment to replace Jeff Zucker as chief of CNN was widely reported over the weekend. Before moving into late-night TV, Licht was the chief executive behind the “CBS This Morning" news program and “Morning Joe” on MSNBC.The appointment was made by David Zaslav, Discovery CEO, who is expected to take over the merged company when Discovery's acquisition of CNN parent WarnerMedia is approved this spring.Zaslav called Licht a “dynamic and creative producer, an engaging and thoughtful journalist, and a true news person.”He said Licht is “a highly principled individual who is trusted, hard-working and makes every organization stronger, more innovative and more cohesive.”Zucker was forced out earlier this month, after admitting that he had violated corporate rules by not revealing his romantic relationship with a CNN marketing executive, Allison Gollust.