Big news out today about CNN….
Multiple reports are claiming there is a major merger in the works that will cause CNN to revert to being a 100% hard news organization and many of the on-air “talent” will be let go.
“Talent” huh? That’s an interesting word choice.
We have not been able to independently verify the reports.
Take a look:
— larry (@lmay4949) November 12, 2021
“David Zaslav, Hollywood’s man of the hour due to Discovery’s pending merger with WarnerMedia, declared he will mostly live in LA by 2022 and be “very hands-on” in running the combined entity.”
— H95 (@Hannibal95) November 10, 2021
The Wrap confirmed some of the details:
Discovery CEO David Zazlav on Monday committed to the future of CNN once his company completes a merger with AT&T’s WarnerMedia.
“Not only are we going to keep it,” Zaslav said in a Monday press conference with AT&T CEO John Stankey, but the new company will “lean into news.” He noted that his company already has a substantial news presence in Europe, which will be combined with CNN to create “a world leader in news.”
Earlier in the call, CNN’s chief media correspondent Brian Stelter asked about the fate of his employer, too, and was told by Zaslav — who will helm the new operation once the merger is completed in mid-2022 — that CNN’s independence will be honored and the brand will be given “the greatest editorial integrity.”
— larry (@lmay4949) November 12, 2021
If they will be letting the "talent/" go at CNN,
What will they be doing with Don Lemon?
It was either Merger or bankruptcy for CNN.
As for Lemon, there's always the corner on 42nd Street. https://t.co/AMDkv260vC
— AU PHINGER (@social_digit) November 12, 2021
Here’s more, from The Hollywood Reporter:
CNN finds itself at a crossroads, with president Jeff Zucker only committed to stay for a few more months, and with a swirl of rumors about a potential sale or spinoff from WarnerMedia (a source confirms that AT&T was approached last year about spinning off CNN).
Zaslav put those rumors to rest during a press conference with reporters on May 17, in which he called CNN “the beacon” of cable television and committed to growing its reach.
“We are committed to CNN having the greatest editorial integrity and success globally,” Zaslav said, noting that Discovery already owns a number of news organizations in Europe. “Now our mission is to lean into news, put [the Discovery international assets] together with CNN, and be the world leader in news.”
CNN returning to a 100% news channel after Major Merger with Discovery, and CNN+ starting in early 2022. #thursdayvibes
— Patriot News (@StandAnFight) November 12, 2021
And from the NY Post:
Zucker, chairman of WarnerMedia News and sports and president of CNN worldwide, announced earlier this year that he would be stepping down at the end of 2021 amid reports that he had been clashing with Jason Kilar, hired last year by AT&T to run WarnerMedia.
Now, with AT&T bidding farewell to WarnerMedia by merging it with Discovery, insiders say they expect Zucker to stay and Kilar to leave.
On Monday AT&T and Discovery said they plan to combine their media units in a move that will join WarnerMedia networks like CNN, HBO, and Hollywood studio Warner Bros. with Discovery channels such as the Food Network, TLC and Animal Planet. The deal will close in 2022, forming a new media giant to be run by Zaslav.
Zaslav had met over the past few months with AT&T CEO John Stankey to pull the $43 billion deal together, which included clandestine meetings at Zaslav’s Greenwich Village brownstone, the Wall Street Journal reported.
Although there have not been any “formal talks” about leadership positions, one source said Zaslav will likely have his longtime golfing buddy Zucker oversee an expanded news and sports portfolio. Zucker did not respond to requests for comment.
Kilar was kept in the dark about the Discovery deal until recently, sources said. According to reports, the exec has hired a legal team to negotiate his exit package.
WarnerMedia declined to comment on Kilar’s behalf. Discovery also declined to comment.