Story from June 23 gives details on TCM's future after Warner Discovery layoffs

[ificandream]

https://www.yahoo.com/entertainment/tcm-overseen-warner-bros-pictures-223832237.html

TCM to Be Overseen by Warner Bros. Pictures Bosses Michael De Luca, Pamela Abdy
Lucas Manfredi/The Wrap

Fri, June 23, 2023 at 3:38 PM PDT
5 min read

Warner Bros. Pictures heads Michael De Luca and Pamela Abdy are taking oversight of Turner Classic Movies, an individual with knowledge of the matter confirmed Friday to TheWrap.

The leadership change follows the exit of TCM chief Pola Changnon and layoffs of several other members of the network’s top brass. The departures came amid cuts of 100 staffers across Warner Bros. Discovery’s U.S. Networks Group this week, led by chairman and chief content officer Kathleen Finch.

Following Changnon’s departure on Tuesday, Finch said in a memo to staff that Michael Ouweleen, the president of Adult Swim, Cartoon Network, Discovery Family and Boomerang who had previously run TCM on an interim basis for eight months in 2019 and 2020, would take oversight of the network.

(snip)

On Wednesday, Warner Bros. Discovery CEO David Zaslav called a meeting with directors Steven Spielberg, Martin Scorsese and Paul Thomas Anderson to discuss the future of the movie channel. “Turner Classic Movies has always been more than just a channel. It is truly a precious resource of cinema, open 24 hours a day seven days a week. And while it has never been a financial juggernaut, it has always been a profitable endeavor since its inception,” the trio said in a joint statement. “We understand the pressures and realities of a corporation as large as WBD, of which TCM is one moving part. We have each spent time talking to David, separately and together, and it’s clear that TCM and classic cinema are very important to him.”

[Raven123]

1. I hope they keep TCM going. One my go to channels

[Auggie]

2. I would pay $10 a month to stream TCM a la carte

Okay, $12.