WarnerMedia staffers are bracing for the AT&T spinoff

Hi and welcome to Insider Advertising for May 18. I’m senior advertising reporter Lauren Johnson, and here’s what’s going on:

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David Zaslav, chief executive officer of Discovery Communications
David Zaslav, chief executive officer of Discovery Communications, arrives at the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho. Every July, some of the world’s most wealthy and powerful businesspeople from the media, finance, and technology spheres converge at the Sun Valley Resort for the exclusive weeklong conference.

Inside WarnerMedia’s spinoff from AT&T

On Monday, AT&T confirmed that it plans to spin off WarnerMedia and combine it with Discovery Communications, reversing the telecom’s $85 billion bet on Time Warner in 2018.

The blockbuster deal has insiders swirling about the new company, which will be led by Discovery CEO David Zaslav:


Abel Clark, Cision

Public relations tech giant Cision faces a collective action lawsuit over overtime pay

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airbnb and vrbo compete for hosts 2x1

Expedia Group’s Vrbo is unapologetically luring hosts from rival Airbnb with cheeky ads and new perks as short-term-rental platforms look to grow supply ahead of a busy summer for travelers

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