While the business has reckoned with more seismic deals in recent years, among them Disney-Fox and AT&T-Time Warner, this time the reality seems to be dawning that bigger is not always better. Streaming platforms swim in red ink and legacy media assets (mainly linear TV) are eroding. Yes, Zaslav has hinted at opportunities to be had, but WBD was not really considered a buyer given its oft-stated focus on reducing its enormous debt. It’s not clear how trying to swallow a company with hefty debt of its own solves any problems.
this post was submitted on 21 Dec 2023
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So we are heading toward three streaming channels, basically cbs, nbc, abc, but instead of OTA and free with ads, it will be 20/month each with ads. All the utter crap on cable nobody wanted to watch, (100 channels with nothing on) will instead be ready to stream on demand. Well done shitty end stage capitalism, well done.
It's because this isn't a business move, it's a political move, David Zaslav and John Malone are just trying to make their own Fox News conservative media empire.