What to Expect From the Media Industry in 2023

The media industry is getting a very uneasy position because they all know that more consolidation needs to take place. I think it is very much an open question if the big media companies are willing to do big deals in this administration or if any deals we see in the next 12 to 18 months are going to be of the smaller divestiture as variety. Amazon was allowed to buy NGM. That was like a $8.5 billion, $9 million deal. So it's not like no media deal to go through. But I think they're all nervous right now that if they move too soon, they'll actually be pushed off years because they'll try to do one of these fields. It