Hints and tips:
...Insurer Randall & Quilter posted a $23.5m first-half operating loss, which it said reflected “the episodic earnings profile” associated with legacy contracts....
...The deal also reflects Stankey’s lack of sentimentality in offloading the legacy of his predecessor, Randall Stephenson....
...Perhaps Randall Stephenson will use his new-found free time to binge watch HBO and Time Warner programmes....
...“I picked up these imaginary ancestors like [artist JMW] Turner. It’s his cinematic eye. I love that about him. So he and I would have this private conversation....
...AT&T, which owns the Warner Bros movie studio and the HBO and Turner pay-TV channels, said revenues dropped to $41bn in the second quarter from $45bn in the same period a year earlier....
...The telecoms company has been busy with an overhaul of WarnerMedia that led to the exit of HBO chief executive Richard Plepler and Turner Broadcasting head David Levy....
...The chief executive of AT&T, Randall Stephenson issued a statement denying other media reports, which cited anonymous DoJ sources, that said the company had itself offered to sell CNN....
...David Levy, chief executive of WarnerMedia’s Turner Broadcasting, is also set to leave, while Kevin Tsujihara, head of the Warner Bros film studio, is expected to stay....
...AT&T’s unequivocal victory vindicates beleaguered boss Randall Stephenson, adding lustre to a checkered dealmaking record....
...Lord Turner also suggests other reasons for rising inequality and low average productivity growth....
...He noted that Time Warner’s Turner division, which includes the TBS, TNT and CNN channels, had never turned to long-term blackouts of its networks when negotiating with distributors....
...AT&T chief executive Randall Stephenson recently said he was never told that selling CNN would be a condition of getting the deal done....
...However, antitrust challenges to so-called vertical mergers, which bring together companies that operate at separate stages of a production and distribution chain, are rare, and Randall Stephenson, chief...
...Randall Stephenson, chief executive of the telecoms company, reiterated on Thursday at the Dealbook conference in New York that “there is no intention of selling CNN”....
...Vanity Fair, meanwhile, is reporting that on Monday, Randall Stephenson, chief executive of AT&T, met with Makan Delrahim, the DoJ’s new antitrust chief, in Washington and was told to sell either Turner...
...Randall Stephenson, AT&T’s chief executive, says he is prepared to defend the takeover in court if a settlement cannot be reached with regulators....
...Randall Stephenson, AT&T’s chief executive expressed confidence that regulators would approve the acquisition, saying there was no overlap between the two businesses. “This is not a horizontal deal....
...Time Warner, which has roots in the early days of Hollywood, also owns Warner Brothers, the largest studio, and Turner’s portfolio of television channels....
...As his regular British director Paulette Randall says, “Those stories just weren’t out there. When he realised what he was doing, he just pursued it.”...
...A similar piece turned up that Turner liked but he had to drop out at £2,000....
...His own cohort includes Tony Cragg, Peter Randall-Page, Bill Woodrow and his great rival Anish Kapoor....
...In 2004 Steve Turner, Randall Winn and Neal Goldman sold Capital IQ for more than $200m to McGraw-Hill, the media and information services group....
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