SEC Filings

WARNER MEDIA, LLC filed this Form 10-Q on 08/02/2017
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Important factors that could cause the Company’s actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and the following factors:



the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement;



the risk that the necessary regulatory approvals for the proposed merger may not be obtained or may be obtained subject to conditions that are not anticipated;



risks that any of the closing conditions to the merger may not be satisfied in a timely manner;



risks related to disruption of management time from ongoing business operations due to the merger;



failure to realize the benefits expected from the merger;



the effect of the merger on the ability of Time Warner to retain customers and retain and hire key personnel;



the effect of the merger on the ability of Time Warner to maintain relationships with its suppliers;



the effect of the merger on Time Warner’s operating results and businesses generally;



any litigation in connection with the merger;



recent and future changes in technology, services and standards, including alternative methods for the delivery, storage and consumption of digital media and evolving home entertainment formats;



changes in consumer behavior, including changes in spending behavior and viewing patterns;



changes in the Company’s plans, initiatives and strategies, and the acceptance thereof by consumers, affiliates and other third parties with which the Company does business;



changes in the plans, initiatives and strategies of the third parties that distribute, license and/or sell Time Warner’s content;



the popularity of the Company’s content;



the Company’s ability to enter into or renew affiliate agreements on favorable terms;



competitive pressures, including as a result of audience fragmentation and changes in technology and consumer viewing patterns;



changes in advertising market conditions or advertising expenditures due to various factors, including decreasing numbers of subscribers to multichannel video services provided by traditional affiliates, changes in consumer viewing patterns, economic conditions, pressure from public interest groups, changes in laws and regulations and other societal or political developments;



changes in how the Company sells advertising, including offering data- and analytics-driven advertising products, and advertisers’ acceptance thereof;



the Company’s ability to deal effectively with economic slowdowns or other economic or market difficulties, including impacts on the economies of the United Kingdom and European Economic Area resulting from the United Kingdom’s pending exit from the European Union (“Brexit”);



changes in foreign exchange rates, including as a result of Brexit;



increased volatility or decreased liquidity in the capital markets, including any limitation on the Company’s ability to access the capital markets for debt securities, refinance its outstanding indebtedness or obtain bank financings on acceptable terms;



piracy and the Company’s ability to exploit and protect its intellectual property rights in and to its content and other products;



the effects of any other significant acquisitions, dispositions and other similar transactions by the Company;



a disruption or failure of the Company’s or its vendors’ network and information systems or other technology relied on by the Company;



the failure to meet earnings expectations;



lower than expected valuations associated with the cash flows and revenues at Time Warner’s reporting units, which could result in Time Warner’s inability to realize the value recorded for intangible assets and goodwill at those reporting units;



the adequacy of the Company’s risk management framework;



changes in U.S. GAAP or other applicable accounting standards and policies;



changes in tax, federal communication and other laws and regulations;



currency exchange restrictions and currency devaluation risks in some foreign countries;



the effect of union or labor disputes or professional sports league player lockouts;



the impact of terrorist acts, hostilities, natural disasters (including extreme weather) and pandemic viruses;




the other risks and uncertainties detailed in Part I, Item 1A. “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016.