Todd Spangler NY Digital EditorThe broad restructuring at WarnerMedia is a “natural progression” for the media conglomerate to hone its focus on HBO Max, according to John Stephens, AT&T’s chief financial officer.WarnerMedia laid off hundreds of employees Monday across Warner Bros., HBO and DC Entertainment.
That came after a major management shakeup under new CEO Jason Kilar, under which HBO Max content leaders Robert Greenblatt and Kevin Reilly were let go and Warner Bros.
CEO Ann Sarnoff assumed additional oversight over content for HBO Max and basic cable networks. Andy Forssell, general manager of HBO Max, was put in charge of a new entity’s HBO Max business group and will oversee international expansion.
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