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DAVID ZASLAV UPSET NEARLY EVERYONE IN HOLLYWOOD. GET READY FOR THE PLOTTWIST.

Fortune US

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December 2023 - January 2024

Since he took the helm of the newly merged Warner Bros. Discovery last year, the headlines about CEO David Zaslav have been relentlessly cringe-worthy: He has been booed while giving a commencement speech, criticized for his massive salary, and mocked for seemingly out-of-touch business decisions. During strikes by actors and writers, his smooth visage became the face of corporate fat-cat indifference to the demands of Hollywood's creative class.

- ALICIA ADAMCZYK AND MAIA SAMUEL

DAVID ZASLAV UPSET NEARLY EVERYONE IN HOLLYWOOD. GET READY FOR THE PLOTTWIST.

But of all this year's public relations snafus, perhaps the most revealing is a relatively low-profile fracas that happened in June. That's when Warner Bros. Discovery announced that the entire executive leadership team of Turner Classic Movies was leaving the cable channel. The outcry was swift and brutal ("$100 million worth of bad press," the marketing consultant Terry Press told the New York Times). Industry bigwigs denounced the move, and the directors Steven Spielberg, Paul Thomas Anderson, and Martin Scorsese urged Zaslav to save the channel.

TCM is a small but cherished institution within Hollywood. It's where film buffs can view classics like Gone With the Wind followed by a cult film from the 1960s such as Blow-Up, interspersed with historical commentary from knowledgeable and beloved hosts. As a percentage of WBD's total operating costs, it's small potatoes, a lean operation run by a passionate staff that generates a modest profit. What's more important is its cultural cachet and symbolic value. As the actor and producer Ryan Reynolds put it in a tweet, "It's a holy corner of film history and a living, breathing library for an entire art form. Please don't fuck with @tcm."

About a week after the initial cuts, WBD reversed course, bringing back a longtime TCM executive, with promises from Spielberg, Anderson, and Scorsese to curate content. The chatter died down, but the damage was done. The indelible impression that the whole episode left about Zaslav was simple: This is a guy who, frankly, doesn't give a damn about movies.

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MCKINSEY ALUMS DOMINATE THE WORLD'S C-SUITES. WILL AI DRY UP THE FIRM’S CEO PIPELINE?

THE CONSULTING GIANT HAS PRODUCED MORE FORTUNE 500 CEOs THAN ANY OTHER INSTITUTION. NOW IT'S SPRINTING TO RETHINK HOW IT TRAINS LEADERS.

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WANNA BET? WHY INVESTORS ARE GAMBLING ON KALSHI AND POLYMARKET

THE 2024 ELECTIONS SHOWED THE POTENTIAL AND POPULARITY OF “PREDICTION MARKETS.” BUT THE STARTUPS AND THEIR HEADSTRONG YOUNG FOUNDERS STILL FACE LONG ODDS.

time to read

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RESTORING THE AURA OF RALPH LAUREN

A DECADE AGO, RALPH LAUREN THE COMPANY WAS JEOPARDIZING ITS LUXURY REPUTATION AND WATCHING PROFITS PLUMMET. THE SOLUTION: FINDING THE RIGHT PARTNER FOR RALPH LAUREN, THE MAN. HOW PATRICE LOUVET HELPED AMERICA’S MOST IMPORTANT FASHION COMPANY GET ITS GROOVE BACK.

time to read

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RAMP WANTS TO SHAKE UP CORPORATE CREDIT CARDS. INVESTORS BELIEVE THAT'S A $22.5 BILLION IDEA

The fintech startup is aspiring to change the way companies spend—and taking aim at American Express. But can Ramp live up to the hype?

time to read

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PASSIONS: BE OUR (ONLY) GUEST

AFTER THE MANGOSTEEN daiquiri misted tableside with lime oil, the cheesy garlic naan, the broccoli salad with pistachios and mint, the pink peppered pineapple soda, the tandoori half-chicken with tingling green chutney, the crock of thick, savory, buttery black dal—after all that, served in the celadon-green Permit Room in Notting Hill, no, I did not need dessert.

time to read

3 mins

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THE BATTLE TO SAVE INTEL

BUOYED BY EMERGENCY INVESTMENTS FROM THE U.S. GOVERNMENT AND INDUSTRY PEERS, ONE OF AMERICAʼS GREATEST TECH COMPANIES IS IN THE FIGHT OF ITS LIFE.

time to read

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THE FUTURE 50: FAST-GROWING COMPANIES THAT INVESTORS SHOULD WATCH—AND LEADERS SHOULD EMULATE

BUSINESSES WORLDWIDE have weathered a chaotic year so far in 2025. Shifting global trade and tariff dynamics and the AI race have made the pace of change even more relentless than usual. Costs have risen, and bankruptcies are up. Still, across sectors, some companies are not just staying afloat, but thriving—and in many markets, buoyant share prices show that investors retain their optimism.

time to read

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FEAR ON THE FARM

BIG AGRICULTURE WRESTLES WITH THE WHITE HOUSE IMMIGRATION CRACKDOWN.

time to read

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TECH: THE AI OF THE HURRICANE

WHEN NASA and its Soviet rivals launched the first meteorological satellites into space in the 1960s, weather forecasts on Earth changed forever. With a constellation of eyes in the sky, forecasters could suddenly monitor conditions over oceans and remote landmasses, filling in major gaps in their models and providing an early warning system about potential storms forming far away.

time to read

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WHEN THE MACHINES CAME FOR AMERICAN JOBS

“FARM MECHANIZATION HAS JUST BEGUN,” proclaimed the cover of Fortune's October 1948 edition. And indeed, the rise of machines such as the tractor was causing profound changes in the American workforce, the accompanying article explained: “In 1800 three out of four in the working population were in agriculture... In 1948 only one in seven U.S. workers is needed to provide the nation’s food.” That trend continued: In 2003, Fortune reported that the agricultural workforce made up just 2% of employment—yet farms still produced a more-than-adequate bounty for American consumption and export.

time to read

1 min

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