Show-business marriages have longer honeymoon periods than Discovery and AT&T’s. djtgallagher explains. WSJWhatsNow
Last Monday’s announcement of aof Discovery Inc. with the WarnerMedia business of AT&T initially thrilled the investors of both companies. Discovery’s share price opened the day up 10% on the prospect of the niche cable-content provider suddenly becoming one of the largest Hollywood players.
Both stocks soon turned south and closed in the red that day. And Discovery kept falling—losing nearly 12% by the end of the week. The potential merits of the deal haven’t changed, but the risks have grown clearer. The complicated transaction will result in a much bigger and much more indebted Discovery, run by its current management but majority owned by AT&T shareholders. And the combined company faces a rapidly changing media landscape with a growing list of competitors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexico’s populist president faces a crucial test in elections in JuneMost Mexicans are unhappy about the state of the country. Yet the outcome of the election on June 6th hinges on whether the president's personal popularity outweighs his woeful record
Read more »
Malaysia coronavirus update as nation faces 'total lockdown'The two-week closure of businesses comes as the country's health ministry announced 9,020 new COVID cases on Saturday.
Read more »
Sri Lanka faces 'worst beach pollution in history' as ship burnsTonnes of tiny plastic granules from Singapore-registered MV X-Press Pearl – smouldering on the horizon for ten days – have overwhelmed beaches, causing an unprecedented pollution crisis in the island nation.
Read more »
British retail faces 'tsunami of closures' without rent helpBritain's retail sector will endure a 'tsunami of closures' if the government does not extend a moratorium on aggressive debt enforcement, industry lobby group the British Retail Consortium (BRC), said on Sunday.
Read more »
Faces of Death is getting a 21st century remakeFrom the makers of 2018’s 'Cam', the reimagining of the shocking snuff movie classic will freak out a new generation of horror fans.
Read more »
Probe Into Belarus’s Diversion of Ryanair Flight Faces Delays Over Black Box AnalysisLithuanian and Polish investigators probing a diverted Ryanair flight over Belarus haven’t yet decoded information held in the plane’s black box amid early frustration with the airline’s cooperation and conflicting narratives by several governments involved.
Read more »