NEW YORK–(BUSINESS WIRE)–WarnerMedia, an operating company of AT&T
Inc.*, announced today that it has completed the sale-leaseback of
its premises at 30 Hudson Yards to a consortium for approximately $2.2
billion. The company announced
its initial agreement to sell these assets in April 2019.
WarnerMedia’s lease at 30 Hudson Yards runs through early 2034. AT&T
will use proceeds from this transaction, along with other planned sales
of the company’s non-core assets, to reduce its debt.
AT&T Inc. (NYSE:T)
is a diversified, global leader in telecommunications, media and
entertainment, and technology. It executes in the market under four
operating units. WarnerMedia is a leading media and entertainment
company that creates and distributes premium and popular content to
global audiences through its consumer brands including: HBO, Warner
Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon
Network, Adult Swim, Turner Classic Movies and others. AT&T
Communications provides more than 100 million U.S. consumers with
entertainment and communications experiences across TV, mobile and
broadband services. Plus, it serves more than 3 million business
customers with high-speed, highly secure connectivity and smart
solutions. AT&T Latin America provides pay-TV services across 11
countries and territories in Latin America and the Caribbean, and is the
fastest growing wireless provider in Mexico, serving consumers and
businesses. Xandr provides marketers with innovative and relevant
advertising solutions for consumers around premium video content and
digital advertising through its AppNexus platform.
AT&T products and services are provided or offered by subsidiaries and
affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
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