Warner Bros. Discovery Restructures U.S. Networks Leadership

Warner Bros. Discovery has announced a new leadership structure for its U.S. networks, with Channing Dungey set to take over as chairman and CEO following Kathleen Finch's retirement at the end of the year. Dungey, who also leads Warner Bros. Television Group, will oversee Brett Paul as COO, Howard Lee as chief creative officer, and Susan Kolar as chief financial and strategy officer. This restructuring comes as the company aims to navigate the shifting media landscape, with an emphasis on enhancing its linear business while expanding digital strategies through its streaming service Max. The leadership team will focus on redefining the role of U.S. networks and could signal potential sales or spinoffs as Warner Bros. Discovery aligns itself with changing consumer behaviors. Dungey expressed excitement about the new team, which aims to fortify the company’s content engine and leverage its intellectual property. Overall, these changes reflect a strategic response to the industry's transition towards streaming and the challenges faced by traditional cable networks.