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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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