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AT&T Stock Rises After Completion of WarnerMedia Spinoff

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Text size AT&T has completed the spinoff of WarnerMedia. Justin Sullivan/Getty Images AT&T wrapped up its WarnerMedia spinoff late last week, and the stock was rising on Monday. The stock jumped 8%, to $19.67. AT&T (ticker: T) in February decided to structure WarnerMedia’s divestiture as a spinoff instead of a split-off, or exchange. A split-off … Read more

What AT&T Is Giving Investors in WarnerMedia Spinoff⁠ and How It Will Work

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Text size Justin Sullivan/Getty Images This article originally appeared on MarketWatch. AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they own. AT&T  (ticker: T) is in the process of spinning off its WarnerMedia business in … Read more

Here is what AT&T is giving investors in WarnerMedia spinoff, and how it will work

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AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they own. AT&T T, +2.19% is in the process of spinning off its WarnerMedia business in a combination with Discovery Inc. DISCA, +0.85%, which executives … Read more

ViacomCBS Is Changing Its Name. More Subscribers Joined, but at a Cost.

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Text size ViacomCBS is changing its name to Paramount Global. Dreamstime ViacomCBS reported a very solid quarter of streaming-subscriber gains on Tuesday, but that growth didn’t come cheaply. The company ramped up spending on content and marketing for its Paramount+ and other services, depressing profits in the fourth quarter. Legacy TV and advertising businesses plugged … Read more

AT&T’s Dividend Cut Puts It in an Unenviable Club

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A company cutting its dividend after a spinoff is uncommon, but not unprecedented. The longer-term outcomes can vary markedly. AT&T (ticker: T) joined this club on Tuesday, when it said it expects that its annual dividend will be $1.11 a share, down sharply from $2.08 in 2021, after its planned spinoff of its WarnerMedia assets … Read more