Richard Plepler departs HBO amid WarnerMedia restructuring
Richard Plepler is leaving HBO after 27 years with the cable giant. News of Plepler's departure comes nine months after AT&T's acquisition of HBO parent company Time Warner was approved and finalized, forming WarnerMedia.
The timing of the announcement comes amid a pending executive restructuring where one senior leader will oversee all TV content across its networks. This would drastically shrink HBO's autonomy within the expanded WarnerMedia portfolio and has been cited as a major motivator for Plepler's departure. In a company-wide letter sent by Plepler he said that "(as) hard as it is to think about leaving the company I love, and the people I love in it, it is the right time for me to do so."
It is also rumoured that longtime Turner president David Levy is considered likely to leave the company. WarnerMedia CEO John Stankey has been eyeing former NBC Entertainment chairman Bob Greenblatt for the top content position, overseeing a combined cable network group under Stankey.