WarnerMedia CEO Jason Kilar Says He Will Stay at Company at Least Through 2021 -- Update
May 27 2021 - 1:51PM
Dow Jones News
By Joe Flint
WarnerMedia Chief Executive Officer Jason Kilar said in a
companywide address Thursday that he has no plans to step down this
year in the wake of AT&T Inc.'s decision to spin off and merge
the media company with Discovery Inc., a person familiar with his
remarks said.
Mr. Kilar's future as head of WarnerMedia was called into
question after AT&T and Discovery unveiled their plans last
week. He wasn't kept in the loop about the pending deal, people
with knowledge of the matter said. Mr. Kilar said he would reassess
his options next year.
Speaking Thursday during a town hall meeting to celebrate the
first anniversary of streaming service HBO Max, Mr. Kilar said: "My
plan and my focus is to remain here in my CEO role at WarnerMedia.
I am not thinking right now about postmerger. There will be a time
to consider that topic in 2022."
Mr. Kilar added, "I believe we have unfinished business, and the
work of the next year can and should be extremely fulfilling as the
world continues to see what we are capable of doing."
Neither AT&T nor Discovery commented on Mr. Kilar's future
with the company when the deal was announced. The companies have
said they expect to close the transaction, pending regulatory
approval, in mid-2022.
Write to Joe Flint at joe.flint@wsj.com
(END) Dow Jones Newswires
May 27, 2021 13:46 ET (17:46 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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