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The Journal.

The Media Mogul Taking an Ax to Hollywood

The Journal.

The Wall Street Journal

Business News, News, Daily News

4.25.8K Ratings

🗓️ 12 September 2022

⏱️ 17 minutes

🧾️ Download transcript

Summary

Is David Zaslav Hollywood’s white knight, or a Trojan horse? The new CEO of Warner Bros. Discovery is sitting atop a huge media empire. WSJ’s Joe Flint profiles Zaslav’s cost-cutting across some of the biggest properties in media, and explores what that might mean for our watchlists. Further Listening: - The Quick End to CNN+ Further Reading: - There’s a New Media Mogul Tearing Up Hollywood: ‘Zas Is Not Particularly Patient’ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's a new boss at Warner Brothers Discovery, one of the biggest media companies in America.

0:11.0

His name is David Zazlov.

0:14.3

David Zazlov.

0:17.3

Warner Brothers Discovery CEO David Zazlov.

0:20.5

Our colleague Joe Flint has covered him for years.

0:23.2

David Zazlov is now sitting at the helm of one of the biggest content providers.

0:30.2

Basically, every type of content you can think of, Warner Brothers Discovery has it.

0:36.9

That's dozens of assets, making up the news and entertainment we consume.

0:41.6

Warner Brothers Movie Studio, HBO, CNN, the cable networks, TNT and TBS.

0:47.8

Some of these properties aren't exactly household names.

0:51.2

Silverback films, raw TV, and...

0:54.2

Others are huge.

0:55.8

The Oprah Winfrey Network DC Comics, the travel channel, True TV.

1:00.4

The point is, Zazlov controls a vast empire, which makes him one of the most powerful people

1:05.6

in media.

1:06.6

Cartoon Network, boomerang, adult swim.

1:09.8

Do you want me to go on?

1:11.3

I think that's enough.

1:12.6

And he's using that power to make big changes.

1:19.6

So far, it's mostly cuts.

1:21.6

Within his first five months on the job, David Zazlov has taken a weed wacker to Warner Brothers

1:26.9

Discovery's sprawling empire.

...

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