When M&A deals are booming, it's important for CFOs to remember that volume fuels mistakes as well as success.
The appeal, if successful, would unravel AT&T's takeover of Time Warner but legal experts see it as a long shot.
Howard Averill's departure after four years as CFO is part of AT&T's effort to put its own management structure on its new acquisition.
Antitrust regulators say the deal would force other distributors to “pay hundreds of millions of dollars more per year” for Time Warner programming.
The hit superheroine movie supercharged the company's earnings, with net profit up 11.6% and revenue up 5%.
The Harry Potter spinoff has grossed more than $800 million at the global box office, fueling a 17% increase in Warner Bros. revenue.
The pay-TV distributor allegedly colluded with competitors to refrain from making a carriage deal with the channel's distributor.
Time Warner shares fall 3.1% amid investor concerns that the blockbuster merger will not pass muster with antitrust regulators.
The deal will make Time Warner channels available to viewers who have been cutting the cable and satellite TV cord.
When giant deals fail, life rarely goes back to normal.
But Jeff Bewkes did acknowledge that the media powerhouse is feeling some heat from the uberactive M&A climate.
As crisis-induced fear fades, U.S. companies take on more leverage.
