ISS, an influential shareholder advisory firm, has recommended “withhold” votes for the three Discovery directors up for reelection at the April annual meeting “due to poor stewardship” in compensation.
11.03.2022 - 19:11 / deadline.com
Discovery just announced that its stockholders have approved its merger with AT&T’s WarnerMedia to create Warner Bros. Discovery, “a premier, global entertainment company” — marking the completion of one of the few remaining closing conditions for the merger.
The transaction will bring together WarnerMedia’s entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses. Discovery CEO Davis Zaslav will lead the combined company. The two companies will take until April to wrap up the complex deal but meanwhile discussions can now accelerate on the management structure and organization of the business.
The yes vote was not a surprise since major Discovery stakeholders John Malone and Advance/Newhouse had both previously agreed to back the deal.
Discovery stockholders also voted to approve the charter amendment proposals, share issuance proposal and the advisory (non-binding) compensation proposal. Discovery said preliminary voting results will be updated in an SEC filing late to reflect the final certification.
The acquisition, which will create a massive new player in the media and entertainment landscape, is expected to close early in the second quarter. The Boards of Directors of both AT&T and Discovery have approved the transaction, as have regulators.
AT&T will be spinning off its entertainment assets to shareholders in the $43-billion deal. Discovery is raising $30 billion in a debt offering closing later this month to pay for it.
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ISS, an influential shareholder advisory firm, has recommended “withhold” votes for the three Discovery directors up for reelection at the April annual meeting “due to poor stewardship” in compensation.
AT&T has firmed up more details of its spinoff of WarnerMedia, which is poised to combine with Discovery in a $43 billion merger.
EXCLUSIVE: Child advocate and Safe from Online Sex Abuse founder Roo Powell will continue her efforts to identify some of the internet’s most dangerous child predators as Discovery+ renews her docuseries Undercover Underage for season 2.
Star Trek: Discovery.The Georgia politician, who is running for governor of the state this year, made an appearance in the episode as the president of “United Earth”.Abrams appears at the end of the season four finale episode, called ‘Coming Home’.The politician spoke in the episode saying: “United Earth is ready right now to rejoin the Federation, and nothing could make me happier than to say those words.”President of United Earth, @StaceyAbrams #StarTrek #StarTrekDiscovery pic.twitter.com/0FTTg7DWDz— TrekNews.net (@TrekNewsNet) March 17, 2022Oh, #StarTrekDiscovery, what brilliant casting this was.
A viral tweet declaring an "amazing archaeological discovery" in a Scots town has left social media users in stitches.
Stacey Abrams has gone from super Star Trek fan, to being part of the franchise, thanks to a cameo role on Star Trek: Discovery.
Gallery: ‘I feel like an ogre!' These stars just say NO to high heels (BANG Showbiz)Discussing her favourite boots, she added: "I discovered Blundstones because of my daughter [Margaret]. My sweet son lives in Montana, he and his partner are very humble. I called them up and I said, ‘Do you have Blundstones? Do you realise how cool you are?’ And they just loved hearing that.
Manori Ravindran International EditorWarner Bros. Discovery’s plans to merge streaming services HBO Max and Discovery Plus in the U.S.
Jennifer Maas TV Business WriterDiscovery — which is about to become Warner Bros. Discovery within the next month, when its merger with AT&T’s WarnerMedia closes — has confirmed its plans to combine its current streaming service Discovery Plus and WarnerMedia’s HBO Max into one service, rather than offer the two platforms as a bundle.Discovery CFO Gunnar Wiedenfels, who will also serve as CFO of the newly combined Warner Bros.
Discovery shareholders have approved the company’s merger with WarnerMedia from AT&T to create Warner Bros. Discovery, the company announced Friday.
Jennifer Maas TV Business WriterDiscovery investors voted in approval of the company’s $43 billion acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery during a special meeting of stockholders Friday, marking one of the final formal steps before the transaction can close.The deal, a spinoff of WarnerMedia from AT&T, is expected to be completed early in Q2, with insiders telling Variety the estimated date is between April 11-28. The merger has already received approval from the U.S.
Jennifer Maas TV Business WriterWarnerMedia has been owned by telco giant AT&T for less than four years and it will soon have a new parent company — likely by the end of next month.Discovery’s shareholder vote on the acquisition of WarnerMedia is set for today during a special meeting of stockholders set for 10 a.m. ET. The deal is expected to get an easy thumbs-up given the approval already bestowed by Discovery’s oldest and most influential holders, investor John Malone and Advance/Newhouse Co.
Discovery shareholders are set to OK the $43 billion merger with WarnerMedia on Friday, the last big step before AT&T completes the spinoff. Ahead of the deal’s expected close next month, a who’s-in/who’s-out parlor game is gaining intensity as CEO David Zaslav finalizes the leadership team.
Discovery today priced $30 billion in senior unsecured notes in a debt offering to raise cash for its merger with WarneMedia.
Nearly 60% of Walt Disney stockholders voted to approve a shareholder proposal for greater transparency on pay data – specifically a request that Disney reports on both median and adjusted pay gaps across race and gender.