| 17 May 2021
Confirming earlier reports of a deal that is being described as monumental and likely to lead to a reshaping of the media landscape, AT&T has entered into a definitive agreement to combine its WarnerMedia premium entertainment, sports and news assets with Discovery s entertainment and sports businesses.
Under the terms of the agreement to create a premier, standalone global entertainment company, AT&T is scheduled to receive $43 billion in a combination of cash, debt securities, and WarnerMedia’s retention of certain debt with its AT&T’s shareholders receiving stock representing 71% of the new company and Discovery shareholders 29%. AT&T and Discovery say that the new company will have significant scale and investment resources with projected 2023 revenue of approximately $52 billion, adjusted EBITDA of approximately $14 billion and a free cash flow conversion rate of approximately 60%.
Relive the best moments from Toby + Chilli Mornings including your favorite segments like the Nearly Impossible Question and Would You Rather, hot topics from each and every morning and more!
By @TobyChilliShow
T + C Mornings: May 13, 2021, Whole Show
Relive the best moments from Toby + Chilli Mornings including your favorite segments like the Nearly Impossible Question and Would You Rather, hot topics from each and every morning, and more!
Happy Thursday! On today s show, Chilli updates us on how her son s dentist appointment went to help his shark teeth. Then we hear the new sounds of the BMW because Han Zimmer is involved. Today is Thursday which means we hear one of your Crazy First Dates and then you call in to share the one thing you would never use.used. All this and more on today s show.