HBO and Turner CEO resign in the wake of WarnerMedia – Axios

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Richard Plepler, CEO of HBO, and David Levy, CEO of Turner Sports, retire, according to several media.

Why it's important: The decision came as NBC Entertainment President Bob Greenblatt negotiated with WarnerMedia CEO John Stankey to oversee all of AT & T's multimedia assets, including HBO, Turner and streaming of WarnerMedia.

The big picture: This is also a surprise for the heavyweights of the industry, Plepler and Levy being considered titans in their respective spaces. Randall Stephenson, CEO of AT & T, said last week that WarnerMedia would operate more autonomously than previous AT & T acquisitions.

The Information was the first to report the departure of Levy.

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