Last week AT&T announced the 'spin off' of Warner Media, acquired three years ago in AT&T's acquisition of Time Warner. The entertainment assets will form a NewCo with Discovery. AT&T will refocus efforts on its core communications business.
Does anyone notice the buried lead in the two paragraphs below from CNBC describing the deal?
Under the agreement, AT&T will unwind its $85 billion acquisition of Time Warner, which closed just under three years ago and form a new media company with Discovery. The deal would create a new business, separate from AT&T, that could be valued at as much as $150 billion, including debt, according to The Financial Times, reported CNBC.
AT&T said it would receive an aggregate amount of $43 billion in a combination of cash, debt and WarnerMedia’s retention of certain debt. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added.
Yes, you guessed it -- AT&T turned an entertainment powerhouse worth $85 billion into a shell of itself in only three years, worth $43 billion. That must have been hard work!
All we have to do is tell you Warner Media includes CNN and HBO, two very 'woke' organizations that have been used as propaganda for the 'progressive' Marxists in America to lie to the American people.
“It is super exciting to combine such historic brands, world class journalism and iconic franchises under one roof and unlock so much value and opportunity,” Discovery President and CEO David Zaslav said, adding that AT&T and Discovery’s assets “are better and more valuable together.”
Unlock value after so much value having been destroyed.
See how the corporate media spin machine works?
Might AT&T have wanted to desperately get rid of the liability they know is coming due to CNN's involvement pushing the Chinese Communist Party line on our country for years?
Hillary Clinton: Joe Biden Should Not Concede Under Any Circumstances
Secretary of State Hillary Clinton, who lost the electoral college vote to President Trump, has some serious advice for presidential nominee Joe Biden: Do not concede under any circumstances. In an interview with HBO’s The Circus, Clinton said that even if Trump wins the electoral college vote on November 3rd, Biden should wait until all the mail-in ballots come in before he officially concedes from the race.
Clinton, who won 3 million more votes that Trump but failed to receive the electoral votes, is still licking her wounds. As the Democrats try to portray Trump as unable to accept the election results, her advice paints a different narrative. Clinton, however, did admit that President Trump holds a “narrow advantage” in the electoral college and on the day itself. But that isn’t good enough for the Democrats, who are pushing for a nation wide mail-in ballot election, totally unprecedented to what has always been done in America.
Clinton said, 'Joe Biden should not concede under any circumstances because I think this is going to drag out, and eventually I do believe he will win if we don't give an inch and if we are as focused and relentless as the other side is.”
The irony of this statement is that for months, Democrat lawmakers and pundits have been overly worried that President Trump will not accept the election results and will not leave the Oval Office. Trump, who has been openly opposed to mail-in voting for this very reason, is trying to avoid this scenario.
Clinton continued, 'We've got to have a massive legal operation. I know the Biden campaign is working on that. We have to have our own teams of people to counter the force of intimidation that Republicans and Trump are going to put outside polling places.”
And just to really bring her bitter feelings home, Clinton said, And don't forget Joe and Kamala [Harris] can win by 3 million votes and still lose – take it from me. So we need numbers overwhelming, so Trump can't sneak or steal his way to victory,” Clinton said.
Trump Says If Dems Get Their Way, US May Have To Wait Two Months For Election Results
In an interview with Jonathan Swan from Axios that aired on HBO, President Trump doubled down on the dangers of mail-in voting, saying it could take two months for Americans to find out the election results. This comes on the tail of states choosing to send mail-in ballots to every one of their residents. Mail-in voting is unprecedented in the United States, as absentee voting requires to request a ballot, and sign an affidavit that they have a genuine reason for not being able to go to the booth on election day. Maryland, for example, is sending absentee ballots instead of actual ballots. As a New York primary, that used mail-in voting, is still counting votes six weeks later, there are serious concerns over the election integrity if more states switch to mail-in voting.
Trump told Swan, “We went through World War I, you went to the polls, you voted. We went through World War II, you went to the polls, you voted. And now because of the China virus, we're supposed to stay home, send millions of ballots all over the country, millions and millions.”
Swan said to Trump that is shouldn’t matter if the election results come two months later, as the inauguration is two and half months later, and as long as the results are right, that’s what’s most important.
The Republican National Committee is bringing lawsuits against states that are enforcing mail-in voting. Trump on Twitter threatened Nevada over their late-night vote on Sunday to enforce mail-in voting. Republicans are also bringing up concerns that the USPS union has endorsed VP Joe Biden, and that as states are not sure of who has been deceased or moved out of the state, there is a lot of room for voter fraud. Ballots can also be lost in the mail or tampered with.
Democrats have tried to point to the similarities between absentee ballots and mail-in voting, but they are widely different. In Nevada, for example, a third party is able to fill out ballots for the disabled and elderly. VP Joe Biden has said that Trump is trying to “indirectly steal” the election from him by suppressing mail-in voting. But even in his tweet yesterday, the Democrat candidate did not advocate for states to completely switch to mail-in voting, knowing that this is a hot topic for many of his voters. He wrote,
“Every American should be able to safely make their voice heard this November. We need to:
- Expand vote-by-mail and early voting
- Implement online voter registration
- Make it safe and easy to vote in-person”
Something to think about: States should be able to implement safety precautions for their poll locations. If they are worried about long lines, they can open up a new space. This, actually, is an important election reform that is needed in many states, as long lines deter voter turnout. There is no reason, especially if schools are forced to remain closed, that there shouldn’t be enough space for voters to socially distance. For those who are disabled or elderly, they would be voting absentee anyway. To have mail-in ballots, and the ability to go to the polls, will create confusion and open up the door wide for voter fraud.