ATT - Warner Bros Discovery -- April 9, 2022

WB-Discovery-HBO-CNN? 

Personally I'm waiting for good things from CNN: low-hanging fruit.

ATT is tracked here.  

Merger complete.

WBD "when issued" has started trading.

It appears WBD will be trading by the end of the week, if not on Monday.

This is still the "strangest" trade I've seen in a long time. 

I'll have to wait a week or two to see what the analysts say. 

A 24% dividend and the the company trades up; cuts its dividend in half and still pays 5%. 

Is that not the story in a 91-character tweet? Eighteen words? One line (if not indented)?

Balance sheet: as it stood Friday, April 8, 2022, note total debt.

Note total debt in this article:

Warner Bros Discovery will be saddled with $55 billion in debt mostly tied to the merger, limiting Zaslav’s options. He already signaled in February that he had no plans to "win the spending war" against Disney's $33 billion content budget or the $17 billion that Netflix spent in 2021.

We'll see more on this next week I'm sure.