Warner Bros. Discovery CFO says 2023 about ‘relaunching,’ Variety says

Warner Bros. Discovery CFO Gunnar Wiedenfels said at Citibank’s annual Communications, Media & Entertainment conference that 2023 will be a year of "relaunching and rebuilding" for the company, Variety’s Jennifer Maas reports. "We took a little bit of time to make sure that we do it properly. For some of the titles, we’ve found new homes elsewhere. That’s why this took six or seven months. But I think we’ve come to great solutions and, most importantly, we’re done with that chapter," Wiedenfels said while speaking at Citi’s 2023 Communications, Media & Entertainment Conference Thursday. "That was very important to all of us, to really use 2022 to leave the purchase accounting behind us, leave those initial strategy changes behind us, get it all out there in terms of our restructuring estimates and then be able to turn the page forward. I think the team has laid a great foundation and I’m really excited about the growth from here." Reference Link