Daily Mail 64 high-resolution photos of Good Morning America anchors Amy Robach and T.J. Holmes, who are both married to other people, canoodling all over New York State, could they have known they were sparking an internet sensation so viral it would eclipse but in the same week? The problem is that even with all this evidence—the photos, statements from anonymous insiders, Instagram activity, and quickly unearthed clips of the two coworkers' undeniable chemistry—it's still hard to get a clear picture of the timeline.
Lionsgate Resets Timeline To Split Starz And Studio
16.11.2022 - 00:17 / deadline.com
Lionsgate this week has started the formalities around spinning off its studio from Starz and anticipates filing the deal with the SEC in March, and completing the separation of the businesses by the end of its fiscal second quarter next September, vice chair Michael Burns said today, officially resetting the timeline for a deal Wall Street’s been anticipating for the better part of a year.
The transaction is meant to unlock value for the stock. “When you have two very different businesses, it’s tough to put a blended multiple on that, trying to show shareholders the value of both sides of the business. A separation is the cleanest way to do that,” Burns told the RBC media conference.
Lionsgate initially announced last fall it was exploring strategic options that included a potential spinoff of Starz, with a deal to be announced by late summer to close in early spring. That deadline passed and the entity more likely to be spun off became the studio, given investor interest in that business. The company is also committed to reducing debt. Lionsgate always maintained a deal was still on track but had declined to box itself in with a new timeline until today.
The stock has been lingering near its 52-week low, closing up 3% today at $7.78.
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