Good evening, I'm Dylan Byers.
Welcome back to In the Room, my biweekly private email on the intrigue and inside story behind what’s going on in the media industry.
Over the past week, I’ve covered the initial fallout from Jeff Zucker’s ouster; broke news from Jason Kilar’s newsroom confrontation with CNN staff; revealed why WarnerMedia closed its investigation into Zucker; and handicapped the post-Zucker succession rumors inside the soon-to-be Warner Bros. Discovery mothership. (You can catch up on all of my past reporting here.)
In the meantime, I’ve been gathering string on Zucker’s potential next moves. In tonight’s email: More Kilar updates, the latest on the post-Zucker leadership horse race, and what I’m hearing about the influence of Discovery’s most powerful individual shareholder, the cable visionary John Malone.
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More succession rumors, more Zucker revenge fantasies, and notes on CNN’s ongoing post-mortem. On Wednesday morning, one week to the hour after Jeff Zucker's abrupt ouster from CNN, AT&T and Discovery announced that Washington regulators had given them the green light to move forward with the WarnerMedia-Discovery merger. D.C.'s approval—or, rather, lack of objection—clears the final hurdle standing between David Zaslav and his takeover of a new media empire, Warner Bros. Discovery. One of his first moves will be selecting Zucker's permanent replacement, and I'm told by sources familiar with the matter that he will announce the new CNN head “at or before” the close of the deal.
Until then, CNN staff will remain on pins and needles. As I reported Sunday, staffers see no ideal candidates to replace Zucker—no one who checks all the boxes required to run the world's leading global news organization. Names that may come up for consideration include CNN insiders like Andrew Morse and Virginia Moseley; TV news veterans like Ben Sherwood and David Rhodes; and, the wild card, UTA super-agent Jay Sures, who represents many of CNN's top talent. (Disclosure: I am a UTA client.)
All of the aforementioned have their supporters and their player haters. As for what Zaslav wants, it's a black box. Many CNN insiders are hoping against hope that he'll simply bring Zucker back. But that hope is now likely out the window given the news that a replacement will be chosen “at or before” the close of the deal. Zaslav, a tactically proficient and errorless executive, wants a smooth transition and a bolstered stock price, not a P.R.-H.R. headache of his own creation on Day 1. Meanwhile, I’ve learned recently that...
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FOUR STORIES WE'RE TALKING ABOUT Now that Zucker is out, most people seem to think that Cuomo has lost his leverage. But the legal drama with CNN isn't so simple. MATTHEW BELLONI With Republicans expected to retake the House in November, could Pelosi’s congressional seat become a family dynasty? TEDDY SCHLEIFER Zuckerberg is diverting billions of dollars into the metaverse, even as Facebook’s core business begins to sour. Is it too late to turn back? ALEX KANTROWITZ Media and business gossips are already speculating about Jeff Zucker’s next move. His tenure atop NBCU may provide some clues. WILLIAM D. COHAN
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