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David Zaslav just threw in the towel on his WBD experiment — and Wall Street is thrilled
Warner Bros. Discovery is splitting up after just over three years, and Wall Street is cheering. The spinoff will create a slew of new questions.
Who Is Gunnar Wiedenfels? WBD's Cost-Cutting Finance Exec Picked as CEO of New TV Networks Spin-Off Comprising CNN, TBS, TNT, Discovery+ and More
Warner Bros. Discovery doesn’t have a name for its planned stand-alone TV-centric biz, but it does have a proposed CEO: Gunnar Wiedenfels, WBD’s iron-fisted money manager. As CFO at Warner Bros. Discovery,
Moguls Take Aim at Zaslav’s Vision of WBD as Company Splits: ‘It Was a Failure’
Said one top executive: "It’s a deal that never had a shot and shouldn’t have been done. But they’ve also done a terrible job.”
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