The Reshaping of the Media Landscape

Bloomberg media or the TV side of it loses $150 million a year, but that has a front end marketing or strategic component to it. I think Bloomberg calls balls and strikes, I think they actually do a great job. The streaming network spent $27 billion. That's the operating expenses of all the streaming networks. There's about 120 million households in the US. Let's assume a third of them don't stream. You essentially have 80 million streamable households. We need to cut costs like crazy. And by the way, what is the biggest gift? These are some of the highest paid people in the world.