and WarnerMedia CEO Jason Kilar urged employees to stay focused on their jobs while they wait for the pact to close.
The deal will leave Discovery CEO David Zaslav in charge of the combined company. On a press conference, Zaslav had complimentary things to say about Kilar and top WarnerMedia executives such as CNN head Jeff Zucker and Warner Bros. chief Toby Emmerich. However, some of these executives could lose out in the merger.
“I will admit that I am personally disappointed and sad that I will not have the opportunity to continue this journey with you, but I am incredibly optimistic and enthusiastic about the future of the combined WarnerMedia and Discovery,” Stankey wrote. “I intend to retain every share of stock I receive in the new entity and enjoy the fruits of your continued success.
While overlap in our creative and content capabilities is virtually non-existent, there will be opportunity to redirect investment away from duplicative back-office, support and administrative functions into our growth strategies. This reality is a necessary part of our journey to reposition the company.
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