|WARNER MEDIA, LLC filed this Form 10-Q on 10/26/2017|
The following information supplements and amends the disclosure set forth in Part I, Item 3. Legal Proceedings, in the Companys Annual Report on Form 10-K for the year ended December 31, 2016 (the 2016 Form 10-K) and in Part II, Item 1. Legal Proceedings, in the Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 (the March 2017 Form 10-Q).
Reference is made to the complaint issued by the National Labor Relations Board (NLRB) against CNN America Inc. (CNN America) and Team Video Services, LLC described on page 31 of the 2016 Form 10-K and page 50 of the March 2017 Form 10-Q. On August 4, 2017, the U.S. Court of Appeals for the D.C. Circuit ruled, granting CNN Americas appeal in part and denying it in part, and remanded the case to the NLRB for further proceedings.
There have been no material changes in the Companys risk factors as previously disclosed in Part I, Item 1A. Risk Factors, of the Companys Annual Report on Form 10-K for the year ended December 31, 2016.
Company Purchases of Equity Securities
The Company did not purchase any equity securities registered by the Company pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, during the quarter ended September 30, 2017.
Issuer Purchases of Equity Securities
Limitations on the Payment of Dividends
As disclosed in the Companys Annual Report on Form 10-K for the year ended December 31, 2016, the Merger Agreement restricts the Company, without AT&Ts consent, from increasing the Companys quarterly dividends above $0.4025 per share.
The exhibits listed in the Exhibit Index below are submitted with or incorporated by reference as a part of this report.