Jeff Zucker won’t be leaving WarnerMedia at the end of the year despite rumors of his imminent exit.
The WarnerMedia News and Sports chairman plans to stay at the company at least until the AT&T media division’s merger with Discovery closes, CNBC has reported. Zucker had previously said he planned to leave at the end of this year when his employment contract expires.
According to the report, Zucker hasn’t made any formal announcement as yet and hasn’t held discussions about a new role with Discovery Chief Executive David Zaslav, who will take over as CEO of the new company, Warner Bros. Discovery.
Zucker has led CNN since 2013 and is one of the few executives to stay with WarnerMedia after AT&T acquired Time Warner in 2018.
A WarnerMedia spokesperson declined to comment on Zucker’s future.