Time Warner unveils its new name: WarnerMedia [CNNMoney.com]
TIME WARNER INC (TWX)
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Source: CNNMoney.com
John Stankey One day after completing its acquisition of Time Warner, AT&T announced a new name for the media company: WarnerMedia. John Stankey, the new CEO of the company, announced the rebranding and a series of structural changes in an internal memo on Friday afternoon. AT&T acted fast after a judge ruled in favor of the acquisition on Tuesday, effectively shredding the government's antitrust lawsuit. Stankey referenced the winding path of the deal in his inaugural message to employees, including those at CNN. After an unusually long and bumpy road getting here, I am delighted and honored to be joining the best team in media and entertainment, he wrote. WarnerMedia includes HBO, the Warner Bros studio, and Turner, the home of CNN, TNT, TBS and other cable channels. Turner chief John Martin has chosen to depart, Stankey said. So three of the executives who previously reported to Martin -- Turner president David Levy,
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