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The DOJ lost its appeal to derail the AT&T-Time Warner merger on Tuesday, but apparently AT&T wasn’t done making waves this week.
In the span of a few minutes on Thursday afternoon, news broke that two of WarnerMedia’s (the renamed Time Warner’s) top execs were exiting in a major AT&T shakeup: HBO chairman and CEO Richard Plepler and Turner president David Levy will both be leaving the company.
Shortly after the DOJ lost its appeal to break up AT&T’s $85 billion purchase of Time Warner, reports started circulating that WarnerMedia CEO John Stankey has been in talks with former NBC Entertainment chairman Robert Greenblatt about a new role in which he would oversee Turner, HBO and AT&T’s upcoming streaming service from WarnerMedia, which is set to launch this fall.
Plepler’s and Levy’s exits would seem to confirm those consolidation plans.
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