Industry insiders are buzzing about massive layoffs at AT&T's media operations with the departures of top HBO and Turner execs

The shakeup has ad agencies wondering what AT&T's strategy is, with the crucial TV upfront season coming up.

There also was frustration about hearing the news through the press and not AT&T itself. One person described the atmosphere at Turner as being"like a funeral." But in this case, combining HBO and Turner would enable AT&T to unify the way it sells video to consumers. WarnerMedia is working on a direct-to-consumer streaming service that will have HBO at its core combined with other WarnerMedia content.The idea of a mashup of both companies also has some buzzing that layoffs are ahead.

"Turner has been known as being incredibly innovative, willing to take risks," a media buyer said."Is there going to be any more of a conservative approach, given AT&T heads are coming in and will Turner continue to embrace a trailblazing spirit?"

This is probably cause of the YouTube issue.

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HBO Chief Executive Richard Plepler to resign from companyHBO Chief Executive Richard Plepler will leave the premium television network ow... Intense. Just rubber bullets. I don't know who this is, however, I own it. Didn't buy it last year. Must have a great publicist
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