AT&T had decided to keep Time Warner (now called WarnerMedia) relatively untouched until the Justice Department had ended its efforts to break up the $85 billion merger. But after the DOJ had thrown in the towel last Tuesday, all bets were off.
Today, WarnerMedia CEO John Stankey unveiled a major restructuring of the organization, under which many assets that had been traditionally siloed off, including HBO, Turner Sports and news, will be integrated with central oversight.
Among the biggest changes, former NBC Entertainment chairman Robert Greenblatt is joining as chairman, WarnerMedia Entertainment and Direct-to-Consumer, where he will oversee HBO, TNT, TBS, truTV and the direct-to-consumer business.
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