Why the cut now?
analysts asked on a conference call after theearnings.
Yes, broadcast and cable advertising fell 11% last quarter, contributing to flat revenue and red ink.
Adobe
They insisted the company is well prepared to weather a WGA strike.
Its prudent for all companies to maximize their balance sheet for flexibility, said Chopra.
And to create long term shareholder value.
Disney famously and abruptly, eliminated its dividend during Covid.
The payouts are beloved by investors, especially Disneys legion of retail shareholders.
(At the same time, Iger also announced plans to lay off 7,000 employees.)
Bakish said the company sees a path to closing a transaction this year.
In an industry wracked by layoffs, Chopra also talked about headcount.
Nothing specific but said Par is taking a disciplined approach.
