Table of Contents
AT Inc. (AT) and Discovery, Inc. AT shareholders will receive stock representing 71\% of the new company, and Discovery shareholders will own 29\% of the new company. AT expects to significantly reduce its debt as a result of the transaction.
Does AT have Discovery Plus?
It is not a separate channel that you can get as a part of your AT U-verse package. You can, however, subscribe to a Discovery package through U-Verse and select the Discovery networks that you wish to watch. Again, Discovery Plus is a separate streaming service, not a channel.
What will ATT shareholders get in Discovery deal?
AT stockholders will receive shares representing 71 percent of the new company, with Discovery shareholders owning the other 29 percent, even though Discovery CEO David Zaslav and CFO Gunnar Wiedenfels will run the merged entity.
Will HBO Max merge with Discovery Plus?
The telecom giant agreed in May to spin off WarnerMedia, which will combine with Discovery to create a behemoth run by Discovery CEO David Zaslav. Among an army of other assets, the deal joins HBO Max and Discovery+.
What networks are owned by Discovery?
Discovery’s U.S. pay-TV networks include: Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, OWN, Travel Channel, Motortrend, Animal Planet, Science Channel, DIY Network, Cooking Channel, Discovery Family, American Heroes Channel, Destination America, Discovery Life, Discovery en Español, Discovery …
Who runs WarnerMedia?
AT
WarnerMedia
| 30 Hudson Yards, WarnerMedia’s headquarters in New York City | |
|---|---|
| Net income | 6,201,000,000 United States dollar |
| Total assets | 69,209,000,000 United States dollar |
| Number of employees | 25,600 (2015) |
| Parent | AT |
Who is WarnerMedia owned by?
Warner Media, LLC (formerly Time Warner Inc.) is a media conglomerate that is a division and subsidiary of AT and headquartered in New York City. It has film, television, cable networks, and publishing operations. This is a listing of all of its subsidiaries.
What will the new AT dividend be?
On Oct. 29, 2021, there were 7,141 million common shares outstanding, according to its latest 10-Q. Therefore, the dividend payment will be between $1.12 to $1.204 per share (i.e., $8 billion/7.141 billion shares, and $8.6 billion/7.141 billion).