ST. LOUIS NEWS TODAY -
'Fill Your Tank' Program Seeks to Fight Hunger Worldwide
ST. LOUIS, MO, (SLFP.com), October 26, 2016 - The Enterprise Rent-A-Car Foundation has announced one of the largest donations aimed at fighting hunger. The program - called Fill Your Tank - celebrates the company's 60th anniversary by providing $60 million to address food insecurity around the globe.
"Enterprise Rent-A-Car is woven into the fabric of the thousands of towns and neighborhoods where we do business, and food insecurity is an issue in all of those communities. Many times, hunger is invisible to us. We often don't see the signs that someone might be food-insecure or think about the ripple effects of hunger," said Enterprise Rent-A-Car Foundation Vice President and Executive Director Carolyn Kindle Betz.
"Our employees have long supported food banks and pantries in the cities and neighborhoods we serve. The Fill Your Tank program is a natural extension of the good work our employees are already doing. It's also particularly poignant as addressing hunger was one of the last wishes of my grandfather and our founder, Jack Taylor, who passed away earlier this year," added Kindle Betz.
Over the next six years, $10 million will be distributed annually as follows:
$2.5 million to Feeding America®, the largest U.S. domestic hunger-relief and food rescue charity. These funds will help fight hunger among seniors and children.
$1.5 million to Food Banks Canada to support operations and infrastructure in food banks across Canada.
$1 million to The Global FoodBanking Network to expand the work of food banks around the world, especially food banks in the U.K., Ireland, France, Germany and Spain on behalf of company-owned operations in these countries.
$5 million to local food banks and pantries in communities served by Enterprise.
"An investment of this size in hunger-relief charities in the US, Canada, and around the world is unprecedented," said Feeding America CEO Diana Aviv. "The Enterprise Rent-A-Car Foundation's donation is monumental for Feeding America and the 46 million people we serve. This gift will not only help us fight hunger where it exists today, but also will help build programs to better prepare to serve growing food-insecure populations."
Gov. Nixon Makes $8.7 Million Available for Budget
JEFFERSON CITY, MO, (SLFP.com), October 23, 2016 - Gov. Jay Nixon has announced that following Volkswagen's settlement of a multi-state consumer protection settlement he was making Missouri's $8.7 million share of the settlement available for the current fiscal year budget.
"Now that these funds are available as a result of yesterday's settlement, I am making the money available so we can provide additional funding to school transportation, first responders and Missouri's agricultural producers," Gov. Nixon said. "Because of Missouri's fiscal discipline we are able to immediately release these funds to support these important budget priorities."
The funds made available today include $4.5 million for school transportation, as well as $3 million for a previously deferred biodiesel subsidies transfer.
In addition, the Governor released $1.2 million in funding to the State Emergency Management Agency for Missouri Task Force 1 to support disaster response.
AT&T to Acquire Time Warner in $85B Deal
ST. LOUIS, MO, (SLFP.com), October 23, 2016 - AT&T Inc. and Time Warner Inc. have announced they have entered into a definitive agreement under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share. The agreement has been approved unanimously by the boards of directors of both companies.
The deal combines Time Warner's vast library of content and ability to create new premium content that connects with audiences around the world, with AT&T's extensive customer relationships, world's largest pay TV subscriber base and leading scale in TV, mobile and broadband distribution.
"This is a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers," said Randall Stephenson, AT&T chairman and CEO.
"Premium content always wins. It has been true on the big screen, the TV screen and now it's proving true on the mobile screen. We'll have the world's best premium content with the networks to deliver it to every screen. A big customer pain point is paying for content once but not being able to access it on any device, anywhere. Our goal is to solve that. We intend to give customers unmatched choice, quality, value and experiences that will define the future of media and communications.
"With great content, you can build truly differentiated video services, whether it's traditional TV, OTT or mobile. Our TV, mobile and broadband distribution and direct customer relationships provide unique insights from which we can offer addressable advertising and better tailor content," Stephenson said. "It's an integrated approach and we believe it's the model that wins over time.
"Time Warner's leadership, creative talent and content are second to none. Combine that with 100 million plus customers who subscribe to our TV, mobile and broadband services - and you have something really special," said Stephenson.
Time Warner Chairman and CEO Jeff Bewkes said, "This is a great day for Time Warner and its shareholders. Combining with AT&T dramatically accelerates our ability to deliver our great brands and premium content to consumers on a multiplatform basis and to capitalize on the tremendous opportunities created by the growing demand for video content. That's been one of our most important strategic priorities and we're already making great progress - both in partnership with our distributors, and on our own by connecting directly with consumers."
The new company will deliver what customers want - enhanced access to premium content on all their devices, new choices for mobile and streaming video services and a stronger competitive alternative to cable TV companies.
With a mobile network that covers more than 315 million people in the United States, the combined company will strive to become the first U.S. mobile provider to compete nationwide with cable companies in the provision of bundled mobile broadband and video. It will disrupt the traditional entertainment model and push the boundaries on mobile content availability for the benefit of customers. And it will deliver more innovation with new forms of original content built for mobile and social, which builds on Time Warner's HBO Now and the upcoming launch of AT&T's OTT offering DIRECTV NOW.
Owning content will help AT&T innovate on new advertising options, which, combined with subscriptions, will help pay for the cost of content creation. This two-sided business model - advertising- and subscription-based - gives customers the largest amount of premium content at the best value.
Time Warner is a global leader in media and entertainment with a great portfolio of content creation and aggregation, plus iconic brands across video programming and TV/film production. Each of Time Warner's three divisions is an industry leader: HBO, which consists of domestic premium pay television and streaming services (HBO Now, HBO Go), as well as international premium & basic pay television and streaming services; Warner Bros. Entertainment, which consists of television, feature film, home video and videogame production and distribution. Warner Bros. film franchises include Harry Potter & DC Comics, and its produced TV series include Big Bang Theory and Gotham; Turner consists of U.S. and international basic cable networks, including TNT, TBS, CNN and Cartoon Network/Adult Swim. Also, Turner has the rights to the NBA, March Madness and MLB. Time Warner also has invested in OTT and digital media properties such as Hulu, Bleacher Report, CNN.com and Fandango.
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