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austinrose7 t1_ix25re0 wrote

Reply to comment by GarlVinland4Astrea in How Did AT&T's $100 Billion Time Warner Deal Go So Wrong? by ix0WXOeip4V6

Exactly. Every single decision Zaslav has made so far has been an excellent business decision. The problem is it’s not favorable to people wanting a shitty straight-to-streaming capeflick with atrocious test scores and TWO $100-200m budgeted esoteric sci-fi series with poor ratings.

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smokeyjay t1_ix27pqi wrote

Don't follow streaming, but Zaslav mentioned that HBO spent 7 billion and lost 3 billion last year. And if we are heading into a recession where advertising is cyclical, can see ad revenue from WB crater. I've been saying streaming is a shitty business - it meets Buffett criteria of the worst type of business.

https://www.cnbc.com/2022/11/15/ad-market-worse-now-than-during-pandemic-lows-david-zaslav-says.html

That doesn't excuse Zaslav. Haven't been following what he's been doing.

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