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Oct 6, 2021 · October 6, 2021. An exterior view of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. By Ronald Martinez/Getty Images. In the fallout of his 2020 defeat, Donald Trump...
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- A Business Partnership Agreement Origin Story
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The first sparks between AT&T and Time Warner were ignited when Hollywood executive Peter Chernin, chairman and CEO of The Chernin Group and a partner with AT&T in an online media venture, met AT&T CEO Randall Stephenson over dinner on Martha’s Vineyard. Chernin, who had recently had a discussion with a high-ranking Time Warner executive, urged Ste...
During the “whirlwind courtship” that followed, Stephenson and Bewkes went to great lengths to keep the negotiations under wraps, concerned about a backlash from lawmakers and consumer advocacy groups, according to Bloomberg. At first, a small group of only eight people, including Stephenson and Bewkes, even knew about the talks, which were code-na...
AT&T was well aware that Time Warner’s primary interest in the negotiation was to get a high price. In 2014, the media company had turned down an $85-per-share bid from 21st Century Fox for being too low. Hoping to fend off competing offersfrom Google or Apple, AT&T was determined to make a bid for Time Warner that “it hoped couldn’t be refused,” B...
Reactions to the announcement were mixed, with several pivotal issues attracting attention. 1. The effect on outsiders.At the time, presidential candidates Hillary Clinton and Donald Trump both suggested the merger might be a bum deal for consumers. But Los Angeles Times writer David Lazarus predicted that the Justice Department and Federal Communi...
23 hours ago · To honor his agreement, Pecker testified that his company caught and killed two stories to help the campaign - paying $30,000 to a former Trump property doorman who falsely alleged that Trump had ...
23 hours ago · To honor his agreement, Pecker testified that his company caught and killed two stories to help the campaign – paying $30,000 to a former Trump property doorman who falsely alleged that Trump had a child out of wedlock and $150,000 to Karen McDougal, who alleged a months-long affair with Trump, – an alleged affair the former president has ...
Jul 6, 2022 · In both scripted TV and film, Chernin has gone deep into the streaming market, signing a first-look deal in 2020 to make Netflix movies despite a track record of success at the box office. Chernin ...
- ryan.faughnder@latimes.com
- Company Town Senior Editor
23 hours ago · And on Aug. 14, 2023, Trump was indicted for a fourth time in five months, charged with 13 felonies for allegedly conspiring to overturn the results of the 2020 election. Eighteen of Trump’s ...
Nov 19, 2022 · AT&T announced the deal with Discovery on May 17, 2021, and what was, in effect, its exit from the media and entertainment business. It was hardly a clean break: AT&T would still...
