Discovery Communications Stock News

Move could also hand BT Sport customers access to Discovery''s content

The news comes as the telecom giant reported a drop in its third-quarter revenue, with a fall of 2% to £15.7bn ($21.3bn) due to declines in its global and enterprise business.

BT is launching a new sports venture with US entertainment giant Discovery , the latest sign of ambition under CEO Philip Jansen .

Potential joint venture with US pay-TV giant represents major blow to Dazn, known as Netflix of Sports

Britain''s BT Group said on Thursday it had entered exclusive discussions with Discovery to create a joint venture betweenBT Sport and pan-European TV network Eurosport.

# Yahoo Finance's Alexandra Canal reports on Jeff Zucker's abrupt resignation as the president of CNN and how this will impact the WarnerMedia spinoff.

The wireless giant slashed its dividend.

AT&T (T) finally cut its dividend, reducing the payout by 47% to $1.11. See why I think AT&T stock seems like a solid income pick following the dividend cut.

UPS and XOM gained ground on earnings news. Quarterly results weighed on WWD. T retreated after revealing additional details of its DISCA transaction.

AT&T Inc. undefined said Tuesday it has decided to spin off its stake in WarnerMedia in connection with the previously announced deal with Discovery Inc….

AT&T Slides After Slashing Dividend, Unveiling Warner Media Spinoff In a move that was widely anticipated by Wall Street, AT&T has just decided to cut its dividend to $1.1/share and spin off its Warner Media subsidiary, which will be merged with AT&T''s partner, Discovery. Despite being widely expected - the company was trading at a ridiculously high dividend yield north of 8.2% - the decision sent AT&T shares sliding 2% in premarket. Wall Street analysts generally see AT&T as a ''buy'', although some have lowered their long-term price targets in recent weeks. AT&T reported earnings and sales that generally surpassed expectations for the quarter just last week. CEO John Stankey said last week during the earnings call that he was unsure about whether to spin off Warner Media (which owns premium TV/streaming hitmaker HBO). But apparently, he has changed his mind as the blandishments of the 100% cash deal valued at $43 billion were simply too tempting to ignore - especially as the telco fights with Verizon for dominance in 5G, which is a capital intensive endeavor.

AT&T (T) said on Tuesday that it would spin off its interested in WarnerMedia as part as its merger with Discovery (DISCA), with the deal expected to close in

AT&T opted for a spin-off of its WarnerMedia assets as part of its $43 billion media merger with Discovery while proposing a post-close dividend of $1.11 per share for the combined group.

AT&T Board Approves Expected Post-Close Annual Dividend of $1.11 per share, Expected to be Among Highest Dividend Yields in Corporate America All AT&T Shareholders to Receive an Estimated 0.24 shares of Warner Bros. Discovery (WBD) Common Stock for Each Share of AT&T Owned AT&T Shareholders to Own Approximately 71% of New WBD AT&T, Inc. (( T ) today announced that its board of directors has determined to spin off AT&T''s interest in WarnerMedia in connection with the previously announced transaction with Discovery, Inc (NASDAQ: DISCA , DISCB, DISCK)). The transaction, which will spin off 100% of AT&T''s interest in WarnerMedia to AT&T''s existing shareholders in a pro rata distribution, followed by the merger of WarnerMedia with Discovery, is expected to close in the second quarter of 2022. Additionally, AT&T''s board of directors approved an expected post-close annual dividend of $1.11 per AT&T share, to account for the distribution of WarnerMedia to AT&T shareholders and to size the annual dividend payout at approximately 40% of projected free cash flow 1 to enable investment in attractive growth opportunities.