Thread regarding AT&T layoffs

So Time Warner, which owns HBO, CNN, TNT, TBS, the Warner Brothers movie studio and more, presents an easy way for AT&T to scoop up a vast store of content. But consider the price. At $100 a share, or $105 billion, AT&T would pay an enterprise value (or stock market value net of debt and cash) of 11.5 times earnings before interest, taxes, depreciation and amortization, according to Wells Fargo Securities Marci Ryvicker. That compares with 6.6 times for AT&T, and it would be difficult to come up with cost cuts to justify the premium. AT&T already has $127 billion in debt, mostly bonds, following its buyout last year of DTV for $67 billion in cash and stock. That makes it the fifth largest debtor in U.S. investment-grade bond indexes. Time Warner owes $24 billion. That’s why AT&T shares have been falling faster than the Niagara Falls