September 12, 2024 14:48 GMT
WBD Equity Outperforms On Charter Comms Deal Renewal
COMMUNICATIONS
Baa3/BBB-[N]/BBB- EUR 27s 4bp Tighter Today But Still Wider WoW
Supportive of carriage fees though the outlook remains weak on the loss of NBA rights.
- WBD is the second best performing €IG equity today.
- Move comes WBD and the largest pay-TV operator Charter Communications renewed their multi-year partnership early. No financial details disclosed though the deal extends WBD’s linear channels TNT, CNN and positions Max as a key offering in broadband and video bundles.
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