Tag: media restructuring

Paramount Skydance’s first earnings under CEO David Ellison showed streaming growth isn't yet enough to offset the rapid collapse of its linear TV business. Q3 revenue hit $6.7 billion, missing forecasts as cable advertising and distribution fell sharply. Paramount+ grew…

Warner Bros. Discovery is splitting into two independent public companies. One will focus on streaming and studios, led by David Zaslav. The other will contain the company’s cable networks and will be led by CFO Gunnar Wiedenfels. Most of WBD’s…

Starz, now fully independent from Lionsgate, posted a 6% revenue decline and a widened operating loss in its first quarterly report, driven largely by a $177.4 million restructuring charge, including major content write-downs. CEO Jeffrey Hirsch is pivoting the strategy…

Kelly Campbell is resigning as president of Peacock after three years, amid Comcast’s restructuring and spin-off of legacy cable networks. Her role appeared uncertain following executive reshuffles. While Comcast has prioritized Peacock as its core streaming platform, traditional TV networks…

Comcast is spinning off its NBCUniversal cable networks, including MSNBC and CNBC, into a separate $7 billion entity to focus on streaming and broadcast growth. Bravo, NBC, and Peacock will remain within NBCUniversal. The spinoff, expected to take a year,…