WarnerMedia CEO John Stankey Says DirecTV Not For Sale, Parries Succession Report

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WarnerMedia CEO John Stankey Says DirecTV Not For Sale, Parries Succession Report
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John Stankey, who is in his final days as WarnerMedia CEO before moving up to the No. 2 position at AT&T, where he will continue to look after the film and TV portfolio, says DirecTV is not for…

Wall Street Journal

Sources familiar with the refinements to the company’s executive structure tell Deadline a proper CEO search, involving outside candidates, is a more likely course of action.with a dose of his customary directness. The paper added that he “has no plans” to surrender the CEO role after he moves up to his newly created AT&T post on October 1, meaning Zucker could be first in line, but the line may not budge. A WarnerMedia rep said the company does not comment on personnel matters.

and outlined changes it wants to see. The fund issued some blistering criticism of the DirecTV and Time Warner acquisitions in a letter to the AT&T board.in recent days about the way forward for the satellite distributor, given its hefty subscriber losses and devaluation since AT&T acquired it in 2015 for $67.1 billion including debt.

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