WarnerMedia CEO Jason Kilar Resigns

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Jason Kilar, the former Hulu and Amazon exec who has led WarnerMedia as CEO since May 2020, has formalized plans to exit the company on the eve of its merger with Discovery [{ "selector": ".rfolq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

In a memo to staff today, the exec confirmed his departure just days ahead of the expected close of the $43 billion merger [{ "selector": ".jotxn-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

The exact date when the combination becomes official is not known, but multiple insiders suggest it will likely be next week [{ "selector": ".pxzzo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 26px))", "opacity": 1}, {"offset": 1, "transform": "translateX(0)", "opacity": 1} ] }] Click Here

WarnerMedia parent AT&T proposed spinning off WarnerMedia in a new entity controlled by Discovery in May 2021 [{ "selector": ".edcqz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }] Click Here

Mr. Kilar was hired by John Stankey, the chief executive of AT&T, WarnerMedia’s parent company, in April 2020, [{ "selector": ".owxdz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }] Click Here

just weeks into a global pandemic, and a month before HBO Max, the company’s streaming service, was set to debut [{ "selector": ".lgglq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 396px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }] Click Here

Mr. Kilar, a founder of Hulu and a veteran of Amazon, was focused on getting the company’s streaming service onto steady ground [{ "selector": ".qmogn-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }] Click Here

“There are many feelings one could have in a moment like this,” Kilar wrote in the staff memo, [{ "selector": ".uoemo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 412px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }] Click Here

“but for me there are none bigger, or more lasting, than the feelings of gratitude and love that I have for this team, this company, and this mission.” [{ "selector": ".rxzjj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }] Click Here