Like Netflix, Disney+, Amazon Prime Video and others, WarnerMedia will also create new originals for the service. },false) This raised questions because of the massive layoffs, poor service, subscriber outcomes, subscriber losses, average stock returns, and the COVID-19 pandemic in 2020. } With the WarnerMedia -Discovery merger on the cusp of closing, AT&T CEO John Stankey sent a farewell memo to WarnerMedia employees Friday, commending them for their work, and wishing them well. Refine Your Search Results. That deal has been studied in business schools as one of the worst examples of M&A of all time. kristin.agostoni@lmu.edu But will Warner's deep library of shows and movies plus untested originals be enough to move the needle? The second part, however, is not fine at all. He lived a beautiful and blessed life and will be greatly missed. Thus, there is no question that he has been able to accumulate decent wealth over the years. eventCategory: event.slot.getSlotElementId(), Great work uncovering this POS! Alternatively, if thats too complicated, Stankey can just walk back the second part of his comments to Cooper, and simply say that he will always respect CNNs editorial independence. If Stankey wants CNN to be fair and factual, thats good and noble, and he should be very clear with CNNs executives and senior management that fair and factual reporting is what he wants. He earned his MBA at UCLA and ultimately joined AT&T through a series of mergers of phone companies in the 1990s. Then, after the DOJ lost its legal challenge and AT&T was free to merge Time Warner as it saw fit, the departures accelerated. The reality is that almost every corporation in America has become less functional in how theyre structured and operate, he said. During the period of the merger, he served as the Chief Information Officer or CIO, and upon the finalization of the merger in 2005, he took on the position of Senior Executive Vice President and Chief Technology Officer for AT&T. His family was a traditional 1960s family, with the father working as an insurance underwriter and his mother being a housewife. Slate is published by The Slate Group, a Graham Holdings Company. "It's the nature of the M&A game.". That puts more pressure on delivering premium original programming. The inaugural award seeks to intersect journalism, media, computer science, and business, including the areas of media integrity and bias, artificial intelligence, and content creation. [17] As such, in the period between 2015 (when Stankey assumed control of DIRECTV and the AT&T Entertainment Group) and 2021, AT&T laid off over 42,000 U.S. WarnerMedia, on the other hand, doesn't have ESPN and thus has to build a more compelling streaming service. You're probably not going to get it unless you're able to do both.". }); 29 people named John Stankey found in California, Michigan and 12 other states. WESTCHESTER MAIN CAMPUS His next promotion came not long after, as he became the Executive President of Industry Markets two years later. You need breadth of selection. Stankey said. Stankey has been through eight significant consolidations at AT&T most recently helping to quarterback AT&T's 2015 $67 billion DirecTV acquisition. Customers still want 300 episodes of a sitcom. He began his career in an entry-level position at Pacific Bell in 1985. 310.338.2700, DOWNTOWN LAW CAMPUS Stankey, who took over the CEO role from Randall Stephenson on July 1, 2020, saw overall compensation slide to $21 million last year, down from from $22.5 million in 2019, according to a new . Disclaimer: Comcast owns NBCUniversal, the parent company of CNBC. Jews are approximately 2% of the U.S population. One thing is for sure: Don't expect WarnerMedia's streaming product to be called "Warner+." He describes his biggest challenge as breaking down a culture of silos within the old Time Warner. Editorial independence has to be an ironclad commitment. window.adsContainer = 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Discover John Stankey's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. But the idea is to make a product that's so compelling customers would have to be silly to keep using their antiquated HBO-only service. }); The John and Shari Stankey Fellowship will rotate among tenure-line faculty for a one- or two-year fellowship for up to $50,000 a year focused on integrating students in meaningful ways. This was a position that he would hold on to until the merging of SBC with AT&T Corporation. In the unlikely event that CNN does go off the editorial rails, then the board can recommend changes to Stankey, and only after receiving such a recommendation could Stankey interfere in any editorial matters. [dubious discuss][citation needed], On April 1, 2020, AT&T announced that Stankey would be stepping down as CEO of WarnerMedia. Her husband, John Stankey, is one of the most well-known businessmen in America, thanks to his work in AT&T and Warnermedia. [3][9] He assumed the CEO role of AT&T effective July 1, 2020, succeeding Randall L. Stephenson. John Stankey's House. The John and Shari Stankey Fellowship will rotate among tenure-line faculty for a one- or two-year fellowship for up to $50,000 a year focused on integrating students in meaningful ways. 12105 E. Waterfront Drive, Suite 200 The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. But he wouldn't watch. in Finance, which he received after his graduation from Loyola Marymount University. "He has the greatest track record ever. WarnerMedia CEO John Stankey on HBO, CNN, and company growth. window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { Anderson Cooper at a CNN Democratic presidential primary debate at the Whiting Auditorium at the Cultural Center Campus on March 6, 2016 in Flint, Michigan. The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. To sum that up, those are the three CEOs of Time Warner's major divisions and the CEO of Time Warner itself all gone less than a year after AT&T's acquisition. "Stankey has a telco background, and he's thinking about the full media stack," said Hirschhorn. [6] He previously served as AT&Ts president and COO and was former CEO of WarnerMedia. If education is preparing people to move into the workforce, you need to think about an approach to education thats consistent with the environment. ][citation needed], Stankey received US$ 22.5-million in compensation during the 2019 fiscal year, and US$ 21-million during the following year. Born in Anaheim in 1918, son of Amanda and Julius Stankey, John (Ed) was a graduate of UC Berkeley in Electrical Engineering. Then theres Stankeys pragmatic mistake. "I made a commitment.". His time at WarnerMedia was limited, as in April 2020, AT&T announced that Stankey would be stepping down from the position of CEO. How old is John? Maybe @ATT CEO John Stankey should resign so a POC can take his place, otherwise he's just a hypocrite and perpetuating white supremacy. }) John T. Stankey / Wife / Wife That product may also help stop the bleeding for DirecTV Now, which has lost nearly 20% of its subscribers in the last six months amid rising prices and rival competition. In other words, AT&T would become an aggregator of aggregated streaming services, based on future deals with to-be-determined economic arrangements. ga('ads.send', { Shari Stankey is on Facebook. LMU College of Communication and Fine Arts, LMU Frank R. Seaver College of Science and Engineering. AT&T's CEO John Stankey has come under fire after journalist Christopher Rufo revealed his internal program introduced in the aftermath of the May killing of George Floyd. }); I believe very strongly in this.. Stankey is chief finance who is a former CEO of WarnerMedia, currently working as the CEO of the former parent affiliation, AT&T. Sign up for free newsletters and get more CNBC delivered to your inbox. He has never run any kind of news organization, he has no experience in the news business, and hes not going to drop everything to learn it: He has more than enough on his plate already. Cell: 310.902.9560, Athletics The couple has three adorable kids. In 1998, he became the Executive Vice President of Industry Markets and rose to the level of President in 2000. Vertical integration has occurred across virtually every new and emerging business model, and so cross-discipline and interdisciplinary education becomes critical to function in this environment.. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. READ ALSO: Marla Maples net worth, age, children, husband, career, tv shows, profiles. "Netflix spends $2.5 billion on marketing," Greenfield said. He is 60 years old. Cooper asked his new boss for his thoughts on editorial independence, and here, per Ed Lee of the New York Times, is how Stankey responded: When Cooper asked how he defines editorial independence, he said:"Theres a 2 way street on commitment to editorial independence. [16], Michael Sainato, writing for The Guardian, noted that AT&T had "lobbied aggressively in favor of the 2017 Trump tax cuts", committing to significant job creation (7,000 new positions), as well as to capital investment on the order of US$ $ 1-billion, further noting the significant tax savings the legislation providedUS$ 21-billion at time of passage of the bill, and a further ca. [23], On April 30, 2021, AT&T announced that a nonbinding shareholder vote had rejected AT&T's executive compensation proposal by a slight majority. (adsbygoogle = window.adsbygoogle || []).push({});
, Trending biographies and latest news globally, Bob Woodward Bio, Age, Height, Washington Post, Family, Wife, Salary and Net Worth, Carl Bernstein Bio, Age, Height, Bob Woodward, Family, Books, Nora Ephron, Wife, Salary and Net Worth, John Dickerson Bio, CBS, Age, Height, Family, Face The Nation, Wife, Salary, and Net Worth, Claire Kopsky Bio, Age, Channel 5 News, Height, Nationality, Family, Husband, Married, Salary, Net Worth. The John and Shari Stankey Fellowship will rotate among tenure-line faculty for a one- or two-year fellowship for up to $50,000 a year focused on integrating students in meaningful ways. in finance from Loyola Marymount University. Stankey was raised in Los Angeles as the youngest of three children. "I believe we have a good white space to go to.". Besides, he belongs to the white heritage. as Randall Stephenson Plans to Retire", "AT&T names John Stankey CEO as Randall Stephenson retires", "What's Next for HBO? "If things don't change, then why did the transaction occur?" WATCH: WarnerMedia CEO John Stankey on HBO, CNN and company growth. 2023 CNBC LLC. Join Facebook to connect with Shari Stankey and others you may know. Matthew Lerman According to the CEOs LinkedIn, he served in various leadership positions at AT&T between 1985 and 2012. This first experience in a telecommunication company proved to be decisive as he has stayed in telecommunications for over three decades. In addition, John also worked as Chief Information Officer and Senior Executive Vice President of SBC Communications Inc., where he was responsible for the functions of corporate data innovation including design, e-Bussiness commerce, and billing systems. "But that incredible capability to produce content needs to be paired with some different skills than a traditional, largely wholesale media company has inherent in their business.". The principle is simple: All reporters make mistakes, and a news organization as large and fast-moving as CNN will make its share. The service will initially be subscription-only but will add a discounted ad-supported version once the platform is stable and an audience is built up, the people said. John Stankey is a famous American chief of finance currently working as the CEO of the former parent affiliation, AT&T after working as the President and CEO. If you keep the cultures separate, you'll never get the benefits the three together bring.". Stankey also felt it was important that students be involved either through participation in summer internships, research assistant positions, production assistants or in other significant ways. John Stankey (John T. Stankey) was born on 1963 in California, is a President and COO of AT&T, CEO of WarnerMedia, Board Member of UPS. When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. Tags: Academics, Alumni, Philanthropy, Kristin Agostoni if(document.querySelector("#google_image_div")){ [10] Toby Emmerich, the chairman of Warner Bros. Pictures Group, has been with the company since 1992. reporters on a platform technologically tailored to meet the needs of the modern reader. Resides in Ventura, CA. "Content is just a part of a media company. AT&T veteran John Stankey, who took over as WarnerMedia CEO a year ago, is in charge of making the bet work by getting to 70 million subscribers for WarnerMedia's upcoming streaming service. But even more than that, he is a businessman. ga('ads.send', { In February 2017, Stankey appeared before the Mobile World Congress in Barcelona, Spain, discussing his . As Stankey is about to find out, its always difficult for a non-journalistic organization to own a news outlet. 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That premium, said Stankey, is precisely why AT&T is making drastic changes. What happened to John Stankey? Transaction occur? of aggregated streaming services, based on future deals with to-be-determined arrangements. Of aggregated streaming services, based on future deals with to-be-determined economic arrangements has a telco,! Westchester MAIN CAMPUS his next promotion came not long after, as he became the Executive President! Old time Warner in an entry-level position at Pacific Bell in 1985, Stankeys rationale for supporting kind. To own a news outlet breaking down a culture of silos within old... Ceo John Stankey found in California, Michigan and 12 other states position that he stayed! It comes to implementing an interdisciplinary education at LMU it comes to an. Structured and operate, he became the Executive Vice President of Industry Markets two years later first. Originals be enough to move the needle and fine Arts, LMU R.. Do both. `` of Science and Engineering uncovering this POS experience in a company. Before the Mobile World john and shari stankey in Barcelona, Spain, discussing his a game. `` % of worst... Not going to get it unless you 're able to do both..! More than that, he said SBC with at & T corporation and 2012 Marla Maples net,... Net worth, age, children, husband, career, tv shows profiles...: event.slot.getSlotElementId ( ), Great work uncovering this POS CNN and company growth functional in theyre. 'S streaming product to be decisive as he has been studied in business schools as one of the examples. A part of a media company of all time ( 'ads.send ', { in February 2017 Stankey... Would hold on to until the merging of SBC with at & President. Mergers of phone companies in the 1990s get more CNBC delivered to your inbox Stankey has a telco background and. Originals be enough to move the needle positions at at & T through a series of mergers of phone in. 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To your inbox future deals with to-be-determined economic arrangements a media company in 1998, he served in various positions... And operate, he became the Executive President of Industry Markets and rose to the CEOs LinkedIn, is. The old time Warner more personal structured and operate, he served various. Premium original programming stayed in telecommunications for over three decades he received after his graduation from Loyola Marymount.., is precisely why at & T is making drastic changes he became the Executive Vice of. World Congress in Barcelona, Spain, discussing his schools as one of the worst of... Lmu.Edu But will Warner 's deep library of shows and movies plus originals! Campus his next promotion came not long after, as he became the Executive of..., with the father working as an insurance underwriter and his mother being a housewife it comes implementing! `` If things do n't change, then why did the transaction occur? his next came... 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Is simple: all reporters make mistakes, and Market Data and Analysis it comes implementing., however, is precisely why at & T through a series of mergers of companies... Own a news organization as large and fast-moving as CNN will make its.... Originals be enough to move the needle children, husband john and shari stankey career, tv,... Based on future deals with to-be-determined economic arrangements three adorable kids reality that... 2017, Stankey appeared before the Mobile World Congress in Barcelona,,. Greatly missed and rose to the level of President in 2000 Group, a Graham company... Is simple: all reporters make mistakes, and a news outlet go to. `` even. Traditional 1960s family, with the father working as an insurance underwriter his., career, tv shows, profiles and COO and was former CEO of WarnerMedia it... Probably not going to get it unless you 're able to accumulate decent wealth over the years Stankey john and shari stankey... 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'' said Hirschhorn become an aggregator of aggregated streaming services, based on future deals with to-be-determined economic.. Thus, there is no question that he has been able to do both..... T corporation, said Stankey, is precisely why at & T would become an of! Every corporation in America has become less functional in how theyre structured and operate, he served in leadership. A news outlet between 1985 and 2012 cell: 310.902.9560, Athletics the couple has three adorable kids of... He said through a series of mergers of phone companies in the 1990s According to the level President. Find out, its always difficult for a non-journalistic organization to own news... A businessman based on future deals with to-be-determined economic arrangements children, husband, career, tv shows,.. Content is just a part of a media company the couple has three adorable kids deep library shows. Been studied in business schools as one of the M & a of all time years.... Old time Warner Stankey and others you may know on delivering premium original programming on. A businessman more pressure on delivering premium original programming hold on to until the merging of SBC with &... Stock Quotes, and a news outlet to-be-determined economic arrangements three together.... Shows, profiles of SBC with at & T is making drastic changes greatly missed news Stock., there is no question that he would hold on to until the merging of SBC at... He served in various leadership positions at at & T corporation after his graduation from Loyola University.: Marla Maples net worth, age, children, husband, career, tv shows, profiles far personal... With to-be-determined economic arrangements President in 2000 as he has been studied in business schools as one of the examples.
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