Stankey commented that they “broke even on the Time Warner deal”. If they broke even why are they still in over a $160 billion in debt?
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Spin.
the court ruling party
Because he lies.
Ignore the debt. Look at the revenues. Be happy.
Why acquire a company if you only plan to break even?
Corporate speak of smoke & mirrors.
LOL - att creative and innovative financing. the same kind they subject their customers to with their billing.
Good job John you the man.
Workers are paid. Investors are paid. Why worry about the debt.
If they broke even why are they still in over a $160 billion in debt?
Accounting is complex and there are many games played. You can't just look at debt and draw valid conclusions.
That said, Stank's unwillingness to release audited P&L on the deal is the tell.
Money was made while 'we' had them, perhpas they are counting that.
It's called "SPIN".
Spinning off assert is one thing, spinning off debit is another. Discovery will take the WM assert and leave the debt. Stankey can keep yapping, no one cares.