41–50 of 110 posts
Once you start meddling with the money machine it's not just Net Profit = Revenue – All Expenses (COGS + Operating Expenses + Interest + Taxes)
> With his new toy having a leverage ratio north of 6x, David Ellison has promised $6 billion in “synergies” within three years. (Netflix Co-CEO Ted Sarandos put the figure closer to $16 billion, after examining WBD’s books. What is it that these CEOs think they are seeing, that everyone else is missing? I can believe they have inflated egos, but they’re not totally crazy, right? My impression is that Netflix is fair…
Don't think of this in terms on a financial return on investment. A half dozen people control almost all American media because the fear is that without the manufactured consent, the entire system is going to collapse. Historically, that's tended to result in heads on spikes or being hunt from the city walls.
Perhaps it's nihilistic of me but I thought that after the 2024 election, we're now beyond the point where any of this is going to get better through electoral politics. Any democracy now is performative. Both sides are bought and paid for. There is no significant, organized resistance to any of this. Material conditions will continue to get worse.
Think about it: it doesn't matter if you, as Larry Ellison or Jeff Bezos or Elon Musk, have $200 billion or $300 billion or $400 billion. Like that has no impact on your life. There is nothing you can possibly buy that requires more wealth. The goal now is to preserve the system at any cost.
Earlier quoted context omitted.
> everyone knows why this purchase was made you should say what you're talking about because I for one have no idea.
The idea is that this is a political deal, not a business deal - by buying WBD, the Ellisons add CNN to a portfolio that already includes CBS and TikTok, and shaping coverage matters more to them than the stock price.
WTF is this slop? I've never seen a an article so riddled with analogies and pop culture references that actively degrade the ability to understand whatever argument might be lurking behind the obscurantism.
What body of work has Scott Galloway produced that should cause me or any other reader to suffer this kind of self-indulgence normally found in a 8th grade creative writing class, in the hopes of learning something meaningful about these topics?
Gurus are going to guru I guess.
>Another culture clash, this time between Discovery’s unscripted empire and Warner’s premium sensibilities, a wannabe mogul overpaying so he could cosplay as Robert Evans (ask Claude), and a 5x debt-to-EBITDA ratio. The good news? The sequel had a short runtime. CEO David Zaslav slashed costs, engineered a good bank / bad bank structure to spin WBD’s declining linear assets, and ultimately orchestrated a bidding war…
> With his new toy having a leverage ratio north of 6x, David Ellison has promised $6 billion in “synergies” within three years. (Netflix Co-CEO Ted Sarandos put the figure closer to $16 billion, after examining WBD’s books. What is it that these CEOs think they are seeing, that everyone else is missing? I can believe they have inflated egos, but they’re not totally crazy, right? My impression is that Netflix is fair…
Earlier quoted context omitted.
Its a cynical media control strategy to prevent taxes on the rich.
This doesn’t make sense. Surely paying taxes would be cheaper than buying Warner Bros?
Also, it's not real money, it's debt equity. Equity transfers are just rich people toys. They move the actual cost into the entity they purchase, and if it fails, whatever, it didn't cost them anything.