Media Woes and Billionaire Buyers

This chapter humorously critiques the struggles of the media industry, recounting personal anecdotes and discussing major events like Vice's bankruptcy. The speaker reflects on the impulsive nature of billionaire acquisitions of media outlets and highlights the disconnect between lofty valuations and financial realities. It further examines the unsustainable models of streaming services and the significant cuts being made by major companies like Disney amidst declining subscriber numbers.