WarnerMedia CEO Jason Kilar, who announced his pending departure from the company on Tuesday, told TheWrap he knew he would be leaving the leadership post within two weeks of AT&T’s plan to merge WarnerMedia with Discovery in a $43 billion deal that was announced in May.
Kilar, whom a Warner Bros. insider confirmed is likely to exit his post as early as next week when the merger is expected to close, described the situation as something of a reversal of the big fish-small fish metaphor.
“I understood that was going to happen in the transaction, which is effectively a smaller fish consuming a much larger fish,” Kilar said.