Entertainment

AT & T CEO John Stanky sees “less uncertainty” for investors after discovery-WarnerMedia deals-deadline

AT & T CEO John Stanky Covid-19 is gradually relaxed, WarnerMedia It was completed.

“Given where you were sitting last year, and your anxieties and needs,” he said during an online appearance at the Goldman Sachs Communicopia conference. “My anxiety about appearing next year is far from that of last year. I know theater and I know what we need to do.”

Paying attention to the slump in the company’s stock price, “Currently, there is uncertainty in the stock price. Because there is uncertainty, [WarnerMedia-Discovery] Transactions are approved in this regulatory environment. Uncertainty from a positive view of EBITDA, uncertainty about the media company’s direct market strategy spoken by David. “

The CEO spoke shortly after Discovery Chief David The Slav also Addresses A combination of the evolution of HBO Max and the company’s planned WarnerMedia.New standalone entity Warner Brothers Discovery is expected to go live in mid-2022, awaiting regulatory approval for a $ 43 billion spin-off. AT & T also spin out DirecTV This year concludes the six-year chapter of wholly owning a satellite TV operator. The unlucky acquisition of Time Warner and DirecTV cost investors about $ 50 billion.

Stanky didn’t mention the name of his predecessor Randall Stephenson, but talked about becoming CEO in July 2020 and said that some “insignificant” moves have taken place since then. rice field. “I’m not hiding anything,” he outlined the strategic shifts that took place during the transition of leadership. Over the past year or more, he added, “refocusing where business is needed”.

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AT & T CEO John Stanky sees “less uncertainty” for investors after discovery-WarnerMedia deals-deadline

Source link AT & T CEO John Stanky sees “less uncertainty” for investors after discovery-WarnerMedia deals-deadline

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