Warning of the adverse effects a writers strike would have on the proposed $85 billion merger of AT&T and Time Warner, the WGA has sent letters to the companies’ institutional shareholders urging them to reach out to management and insist they “negotiate a fair deal that avoids a strike.” Besides, the guild said, it will only cost WB an additional $27.4 million over three years if the companies agree to give the guild everything it’s asking for.
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When ever they have actually delivered what they promised? Those declarations and assurances are phony, no genuine and fraudulent as the CEO himself and will never be accomplished, no oversight no accountability.
at the end of the day, these deals almost always fail to deliver on the promise offered by both acquirer and acquired, When companies merge, most of the shareholder value created is likely to go not to the buyer but to the seller, The average acquirer materially overestimates the synergies a merger will yield … It takes only a very small degree of error in estimating these values to cause an acquisition effort to stumble, In my experience, nothing has changed in the past 12 years that would suggest large acquisitions like the one T is proposing are executed at a higher level.
The winner’s curse still very much exists.
As they say, the best-laid plans of mice and men often go awry. That’s exactly what will happen if AT&T is successful.
I don't think They see this one coming, priceless
AT&T has asserted that the merger will generate positive cash flow and higher returns for shareholders “within 12 months,” but a strike, Young cautioned, might force AT&T to revise those projections downward,
To support that, he noted that the last strike, which lasted 100 days, “Resulted in the loss of almost 25% of primetime scripted programming for the 2007-2008 broadcast season. During the strike, the broadcast networks ran out of new episodes to air and were forced to air reruns and increased amounts of reality programming. The loss of original programming had a significant impact on ratings. During the three months most affected by the strike, the major broadcast networks’ ratings declined, on average, double digits compared to the same period in 2007. The strike-impacted ratings forced NBC to return money to advertisers.