CNN’s Mark Thompson and CBS News’ Bari Weiss Named to Skydance Leadership Team
David Ellison and Ynon Kreiz named executives including CNN's Mark Thompson and CBS News' Bari Weiss to lead the combined company's operations after the $111 billion merger closes.
- The $110 billion merger between Warner Bros. Discovery and Paramount Skydance is expected to close on Tuesday, marking the end of CEO David Zaslav's four-and-a-half-year tenure leading the media company.
- Before departing, Zaslav shared a farewell video with employees from Warner Bros. Studios' Ranch facility in Burbank, reflecting on his tenure amid a period of significant upheaval and cost-cutting across the company.
- According to SEC filings, Zaslav is eligible to receive a "golden parachute" payout of at least $550 million upon deal closure, with compensation including $6 million in salary severance and $28.2 million in bonus severance.
- Following the acquisition, the combined company will operate as Skydance Corp, while WBD stockholders receive a $31 per share payout from the transaction.
- Zaslav's legacy remains complicated, particularly regarding animation operations, though the studio recently relaunched its theatrical animation division under former DreamWorks Animation chief Bill Damaschke.
52 Articles
52 Articles
David Zaslav’s Goodbye Video After WB & Paramount Merger Slammed as ‘Tone Deaf’ By Employees
Outgoing Warner Bros. Discovery CEO David Zaslav addressed the company’s global workforce in a prerecorded video. The farewell address comes as Paramount Skydance prepares to complete its acquisition of Warner Bros. Discovery. Filmed on the Warner Bros. lot in Burbank, the message focused on the company’s creative work and the people behind its films, television, […] The post David Zaslav’s Goodbye Video After WB & Paramount Merger Slammed as ‘T…
Skydance Unveils Leadership Team for Paramount-WBD
Paramount Skydance announced Monday the executive team expected to lead Skydance after its acquisition of Warner Bros. Discovery closes, with CNN chief Mark Thompson remaining chairman and editor-in-chief of the news network. Thompson’s retention resolves weeks of uncertainty over CNN’s leadership as the companies prepared to combine their news operations under one corporate parent. The […]
David Zaslav Says Goodbye to Warner Bros. Discovery Employees as Skydance Takeover Ends His Tenure
The David Zaslav era at Warner Bros. Discovery is officially coming to an end. With David Ellison’s Paramount-Warner Bros. merger expected to close Tuesday, October 6, Warner Bros. Discovery CEO David Zaslav released a farewell video to employees Monday, thanking the company’s workforce as he prepares to leave the media conglomerate he has led since […]
Skydance detailed the leadership structure of the new company before the final conclusion of the merger agreement between Paramount and Warner Bros. Discovery, confirming the permanence and executive positions of names such as David Ellison, Bari Weiss and Mark Thompson. Exclusive subject matter for subscribers. To have full access, access the link of the subject and register.
David Ellison will be co-CEO along with Ynon Kreiz and Andy Gordon, the president
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