NYTIMES (Brooks Barnes and John Koblin) - Abrupt Change for Warner Bros. Prompts Many Grim Faces
Employees at the company had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount.
Employees at the company had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount.
Not long ago, Mr. Zaslav was widely criticized for his management of Warner Bros. Discovery. He overcame the doubters, cementing a blockbuster sale to Paramount.
The move was a stunning development in the long-running corporate battle for the storied media giant.