Kelly and Matthew Stafford are covering the hospital bills for a Los Angeles Rams photographer who fell off the stage and broke her spine at the team's Super Bowl parade on Wednesday.MORE: All the biggest celebrity moments from Super Bowl LVIVideo footage saw Kelly and Matthew ask Kelly Smiley to take a picture of the two together, but she stepped back and fell off the stage. Matthew was heavily criticized online as he simply turned around and walked away instead of helping; wife Kelly suggested later on social media that he was heavily intoxicated.WATCH: LA Rams and Kelly and Matthew Stafford covering hospital bills for photographer who fell off the stage and broke her spine"We have been in communication with Kelly Smiley since yesterday's incident and we are sorry for what happened," the Staffords and the LA Rams shared in a joint statement."As we told Kelly, we will be covering all her hospital bills and replacing her cameras.
AT&T Opts For Spin-Off Method In WarnerMedia Discovery Transaction; Shares Fall
01.02.2022 - 16:13 / deadline.com
AT&T shares are down in pre-market trading after the telecom giant said it will spin off WarnerMedia as part of the entertainment unit’s pending $43 billion merger with Discovery.
The company has faced the choice of whether to execute a spinoff or a split — while the financial maneuvers are technical, each has implications for shareholders. AT&T has an unusually large number of individual, rather than institutional, investors. Shares in AT&T fell more than 4% before the start of the official trading day. They have slumped ever since the Discovery deal was announced last May, as have Discovery’s.
When the transaction closes, possibly as soon as next month, AT&T shareholders will own 71% of the Warner Bros. Discovery, as the new entity will be called. They will get 0.24 shares of Warner Bros. Discovery for each AT&T share they own. There will be 7.2 billion shares outstanding of AT&T at that point.
Shares in the new Warner Bros. Discovery, which will trade under the ticker symbol “WBD,” will be distributed via a dividend of $1.11 per share, down from $2.08 per share. That’s is at the lower end of a $8 billion to $9 billion range projected by AT&T. Shareholders in AT&T have come to expect a robust dividend over the decades, but that feature has limited the company’s manuverability, especially in a cash-intensive business like streaming.
As WarnerMedia has sought to compete with Disney, Netflix and other entertainment rivals, it has been constrained by AT&T’s dividend obligations.
“In evaluating the form of distribution, we were guided by one objective — executing the transaction in the most seamless manner possible to support long-term value generation,” AT&T CEO John Stankey said in a press release. “We are confident the
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[Warning: Potentially Triggering Content]
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