William Earl Warner Bros. Discovery chief David Zaslav assured staffers across Warner Bros. Discovery on Wednesday that the company is not on the auction block.
The chairman-CEO of the newly merged entity made his remarks at a company-wide town hall meeting that was beamed out via Zoom to WB Discovery’s 40,000 employees worldwide.
Zaslav’s comments came in response to a question from an employee. WB Discovery was formed in April by the merger of AT&T’s WarnerMedia and the Zaslav-led Discovery.
There’s been speculation about more M&A to come for the conglomerate since before the merger agreement was completed. “We are not for sale,” Zaslav told employees during the 75-minute session. “We have everything we need to be successful.” More to come
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