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Ceci n’est pas une supply-chain finance programme
Decision comes after new leadership had reviewed investment in streaming service for cable news channel
Chief executive Jason Kilar among those to leave before $43bn merger
Funding will support WarnerMedia merger in one of largest-ever corporate debt sales
HBO Max owner increased sign ups by 1.3m while streaming pioneer gained 1.2m in battle for American audience
Wireless groups frustrated with Federal Aviation Administration after airlines warn of chaos
Aviation lobby says services will cause ‘incalculable’ disruption to passengers and cargo
WarnerMedia CEO Jason Kilar vows to spend $18bn on content in 2022 to build on subscriber growth
Telecoms reverse course a day after rejecting US regulators’ request over possible aircraft interference
US transportation regulators want more time to investigate if wireless technology interferes with avionics
Anchor broke network rules by helping former New York governor Andrew Cuomo in sex scandal response
Many of the same advisers collected hefty fees when AT&T bought company five years ago
The humiliating decision to turn its back on Hollywood has forced a return to its ‘bellhead’ roots in telecoms
Completion bonuses foreshadowed investor revolt over ‘pay for underperformance’
Transaction comes as media dealmaking this year hits highest level since dotcom boom
Two proposed deals encapsulate the changing entertainment landscape
AT&T and Verizon unwind big bets on media content to concentrate on core businesses
Plus, Spac fever proves less contagious, and a closer look into Sanjeev Gupta’s ‘white knight’
Deal expected to trigger fresh wave of consolidation in the sector
Telecoms group abandons Hollywood dream but shareholders in new venture can still play supporting role
For shareholders of the telecoms group, the victory has proved pyrrhic
David Zaslav to lead empire with enterprise value of $132bn and one of Hollywood’s most prized catalogues
Structure of agreement unclear but AT&T expected to control most of combined entity
Many backlashes stem from plan changes to ensure bonuses were paid out during pandemic
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