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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Liberty Media Sells Entire iHeartMedia Stake, Ending Bid to Build Media Conglomerate
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variety.comJ. Kim Murphy administratorLiberty Media is exiting the radio business, selling its entire stake in iHeartMedia.According to an iHeartMedia Securities and Exchange Commission filing, Liberty Media offloaded its 5.94 million shares of Class A common stock in an open market block trade in a sale worth upwards of $150 million.
Between November 2017 and February 2018, Liberty Media purchased $600 million of iHeartMedia debt for a total of $490 million.
After iHeartRadio reduced its debt load through a bankruptcy settlement, the bonds were converted into about 6.9 million shares.“We appreciate Liberty’s support for iHeartMedia, originally as a holder of debt which then converted into a meaningful equity stake, and we are delighted that they.
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