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Wednesday, November 6, 2024

Texas U.S. Rep Joaquin Castro: "WB cut projects and pre-merger employees over quality (profitability) concerns. Yet for CNN David Zaslav..."

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Joaquin Castro tweeted the following:

"WB cut projects and pre-merger employees over quality (profitability) concerns. Yet for CNN David Zaslav indicated that hes not worried about ratings for now (ratings = profit). Apparently not, a top business side executive hired to run CNN had zero experience in the business."
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Here are other recent tweets from Joaquin Castro:

"They have also failed so far to deliver on promises they (leadership) made to civil rights organizations prior to the merger about commitments to inclusion.
They have also imposed a double standard within the company. Lets take Warner Bros. and CNN together as an example. 3/"
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"And for what? The business model isnt working. @WBD stock has lost more than 50% post-merger. So stockholders suffer too. After the Batgirl fiasco (completed project dumped for $90M tax break) content creators discussed making WBD their last look when pitching studios. 2/"
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"So far the new @wbd has been outright hostile to content creators, creators of color, new voices trying to break into the industry, etc. The new WBD seems to go out of its way to make the company less inclusive while getting rich off the communities theyre sidelining. 1/ twitter.com/mattbelloni/st"
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