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The Golden Age of Media and Communications

Making Sense

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Corporate Clarity

It's expensive to do LBOs now. We've seen an increase in sponsors playing marquee assets through minority investments and partnerships with the company. AT&T has taken leverage from three times to two and a half times. These are tectonic plates moving around at light speed. Anybody that thinks they noticed the answers to where all this is going to be in 2025 is kidding themselves.

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