The Powers That Be: Daily WBD Custody Battles & BuzzFeed’s Fire Sale
Dec 18, 2024
Bill Cohan, a financial journalist and author with a keen focus on media, shares his insights on Warner Bros. Discovery's strategy to concentrate on streaming while considering selling its cable assets. He also discusses BuzzFeed's financial crisis, revealing the company's struggle to manage dangerously high corporate debt. The conversation touches on the implications of these shifts for the broader entertainment landscape and highlights the ongoing challenges faced by media companies in a changing market.
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Duke Lacrosse Case Update
- Crystal Mangum, the accuser in the Duke Lacrosse case, admitted to lying about the rape allegations.
- Bill Cohan, author of "The Price of Silence," discusses her confession and its implications.
WBD and Comcast's Cable Strategy
- Warner Bros. Discovery (WBD) may follow Comcast's lead, creating a separate business for declining cable assets.
- This suggests a potential sale or spin-off, mirroring Comcast's strategy with its cable networks.
Zaslav's Debt Reduction Strategy
- WBD CEO David Zaslav is signaling to the market a potential spin-off of declining cable assets.
- He aims to reduce debt and focus on streaming and studio businesses, similar to AT&T's DirecTV strategy.
