Business

AT&T Breaks Up Turner, Bulks Up Warner Bros. in Major WarnerMedia Overhaul


By Updated March 4, 2019 10:18 a.m.


ET AT&T Inc. started reorganizing its WarnerMedia unit Monday by combining its disparate networks and entertainment businesses, an overhaul that is expected to lead to cost-cutting and layoffs.


The company said it hired former NBC Entertainment Chairman Robert Greenblatt to be chairman of a newly created unit called WarnerEntertainment—which combines HBO and Turner’s entertainment operations—and Direct-to-Consumer, which includes the streaming service WarnerMedia plans on launching later this year.


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