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The aftermath, link here. From Steven Fiorillo:
- WarnerMedia has finally been spun off and a new chapter starts for shareholders as we now have legacy shares of T and newly minted shares of WBD.
- Legacy T still presents an attractive income play, yielding over 5.5% with only 40% of its FCF allocated to the dividend.
- WBD represents a growth play with several analysts seeing more than 50% upside in shares.
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