AT&T would spin off WarnerMedia in a deal that will see it merge with Discovery. If he exits, Kilar will leave WarnerMedia after little more than a year as its CEO.
One individual added that Kilar was not aware of the impending deal until Saturday night. The New York Times first reported the news of Kilar’s exit talks.
Reps for WarnerMedia did not immediately respond to TheWrap’s request for comment.Kilar earned $52.1 million during his first (and now only) year leading WarnerMedia, which dwarfed his boss, AT&T CEO John Stankey.
Kilar took home more than $49 million in stock swards, on top of his base pay of $1.67 million. However, that $49 million will vest over the next four years.
Read more on thewrap.com
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