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AT&T INC.

(T)
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WarnerMedia CEO Jason Kilar Says He Will Stay at Company at Least Through 2021 -- Update

05/27/2021 | 11:46am EDT

By Joe Flint

WarnerMedia Chief Executive Officer Jason Kilar said in a companywide address Thursday that he has no plans to step down this year in the wake of AT&T Inc.'s decision to spin off and merge the media company with Discovery Inc., a person familiar with his remarks said.

Mr. Kilar's future as head of WarnerMedia was called into question after AT&T and Discovery unveiled their plans last week. He wasn't kept in the loop about the pending deal, people with knowledge of the matter said. Mr. Kilar said he would reassess his options next year.

Speaking Thursday during a town hall meeting to celebrate the first anniversary of streaming service HBO Max, Mr. Kilar said: "My plan and my focus is to remain here in my CEO role at WarnerMedia. I am not thinking right now about postmerger. There will be a time to consider that topic in 2022."

Mr. Kilar added, "I believe we have unfinished business, and the work of the next year can and should be extremely fulfilling as the world continues to see what we are capable of doing."

Neither AT&T nor Discovery commented on Mr. Kilar's future with the company when the deal was announced. The companies have said they expect to close the transaction, pending regulatory approval, in mid-2022.

Write to Joe Flint at joe.flint@wsj.com

(END) Dow Jones Newswires

05-27-21 1346ET

Stocks mentioned in the article
ChangeLast1st jan.
AT&T INC. -0.85% 28.05 Delayed Quote.-2.47%
DISCOVERY, INC. -3.88% 29.01 Delayed Quote.-3.59%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
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Financials (USD)
Sales 2021 174 B - -
Net income 2021 18 273 M - -
Net Debt 2021 161 B - -
P/E ratio 2021 11,1x
Yield 2021 7,44%
Capitalization 200 B 200 B -
EV / Sales 2021 2,08x
EV / Sales 2022 1,99x
Nbr of Employees 226 840
Free-Float 93,6%
Chart AT&T INC.
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AT&T Inc. Technical Analysis Chart | T | US00206R1023 | MarketScreener
Technical analysis trends AT&T INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Last Close Price 28,05 $
Average target price 31,67 $
Spread / Average Target 12,9%
EPS Revisions
Managers and Directors
John T. Stankey President, CEO, COO & Director
Pascal Desroches Chief Financial Officer & Senior Executive VP
William E. Kennard Independent Chairman
David S. Huntley Chief Compliance Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
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