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Suffice it to say that once the company spins off its Warner Media division and combines it with Discovery Inc (NASDAQ:DISCA), the dividend will be cut. That should occur sometime in 2022.
In an SEC filing on March 25, 2022, AT&T stated that two-way trading of WBD stock with that of AT&T would begin on April 4, 2022, and that a special dividend would be issued the next day to give AT&T shareholders a 0.24 share in WBD for each share of AT&T common stock they hold.
Zaslav sold 2.564 million shares of WBD Series A common stock on Dec. 16 at an average weighted price of $11.73/share, totaling $30,075,720, according to an SEC filing Wednesday.
Despite selling off its media arm and shedding over 19.6% on Monday, AT&T (NYSE:T) could be on its way to a solid future with its current strategic moves and business focus. It was unclear what ...
Despite spinning off Time Inc. in 2014, the company retained the Time Warner name until 2018, when the company was renamed WarnerMedia after it was acquired by AT&T. [7] On October 22, 2016, AT&T officially announced that they intended on acquiring Time Warner for $85.4 billion (or $108.7 billion when including assumed Time Warner debt ...
Liberty Media's Discovery Channel and QVC continued to do well, but the newer projects had problems and the company's stock price dropped by half. If AT&T agreed to spin off Liberty Media, new deals such as a possible News Corp. purchase of DirecTV would be easier because AT&T would no longer require federal approval to complete such deals. [28]
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
On June 10, 2024, Rogers Sports & Media announced an exclusive licensing agreement with WBD, under which the rights to all WBD lifestyle and factual brands will move to Rogers platforms beginning in 2025, [28] including Animal Planet, Discovery Channel, Food Network, HGTV, Investigation Discovery (ID), Magnolia Network, Motor Trend, the Oprah ...