John Malone, the billionaire media mogul who is a longtime stakeholder in Discovery, said its pending merger with WarnerMedia will incur debt but will make up for it in cost savings. “Leverag…
“Leverage is relatively high for this [merged] company, but interest rates are quite low,” he told Liberty Global CEO Mike Fries, when asked about leverage. “This is investment-grade debt, long-term. The rate at which free cash flow will pay down that debt as well as the synergies” will help satisfy investor concerns, he added.
Fries noted estimates that Discovery and WarnerMedia’s debt would be about four and a half times trailing earnings. The companies have said their merger will close by the middle of 2022. Cost savings, Malone countered, will “easily go past” $3 billion to $4 billion a year. David Zaslav, the Discovery CEO who will also lead the combined company is a “force of nature,” Malone added. “I’ve never seen a guy with more energy and I think he’s extremely confident. If there’s anyone who can pull off this kind of combination, it would be David.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
John Malone: Discovery-WarnerMedia Cost Synergies Will “Easily” Exceed $3B-$4B AnnuallyAs the largest shareholder in Discovery, the mogul is supporting the planned megamerger of Discovery and AT&T's WarnerMedia.
Baca lebih lajut »
Military Wives' Gareth Malone sent 'round the twist' by tinnitus stopping sleepGareth Malone was horrified when, in 2013, he was diagnosed with tinnitus, aged 38 - and it sent him 'round the twist'
Baca lebih lajut »
Post Malone Replaces Travis Scott in Headlining Slot at Day N Vegas FestivalPost Malone has replaced Travis Scott as a headliner for this weekend’s Day N Vegas festival, promoter AEG announced in social media posts Monday night. Scott, whose career is in crisis as a …
Baca lebih lajut »
Post Malone In, Travis Scott Out of Day N Vegas Lineup“Travis Scott will no longer be performing at Day N Vegas,” organizers announced on social media. Instead, Post Malone will step into the vacant headline slot.
Baca lebih lajut »