Cable Cowboy John Malone & Ben Shapiro 9/3/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 September 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

A federal judge ruled that Google can keep its Chrome browser but will be barred from entering exclusive contracts. CNBC’s Eamon Javers explains the new ruling and its implications for Google and big tech. And John Malone, Liberty Media chairman and author of Born to be Wired, breaks down the details of his memoir, his relationship with Barry Diller, CNN and the state of the media landscape. He also weighed in on the outlook for mergers and acquisitions, saying there are too many streamers in the market. Then, Daily Wire Co-Founder Ben Shapiro shares his perspective on the U.S. government’s stake in Intel and President Trump’s industrial policy. Plus, China celebrates the 80th anniversary of the end of World War II with Chinese President Xi Jinping and Russia President Vladimir Putin in attendance. John Malone 18:46 Ben Shapiro 40:20 In this episode: Eamon Javers, @eamonjavers Ben Shapiro, @benshapiro Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod, the original cable cowboy John Malone.
0:12.2	We're in the midst, I think, of watching a transition in consumer consumption.
0:18.4	The Liberty Media founder has had huge influence on what we watch, read, and pay to entertain us.
0:25.4	The linear television business of which news is part is suffering from the rapid decline of viewership of the big cable bundle.
0:35.8	A story he's telling in a new memoir, born to be
0:39.1	wired, about the rise and decline of cable television, the revolution of personal technology
0:44.7	and what he has seen from a front row seat. For one thing, the industry, the old media industry,
0:50.5	both transport and content, needs to continue to consolidate to get scale to be efficient.
0:57.3	There's too many streamers for sure.
0:59.8	And new media star Ben Shapiro, the conservative commentator on tariffs, industrial policy,
1:05.7	and all the White House news of a busy 2025.
1:09.7	Are we grading Trump against what would have been, in which case much better than what
1:13.1	would have been, or are we grading him against what I would love to see? And, you know, I think
1:16.4	that we can do both. Plus China putting military power on display, its jobs weak, and Google
1:22.7	avoids a nasty breakup in a favorable antitrust ruling. The government takes five years to do anything.
1:28.8	By then, the market's already moved. It's Wednesday, September 3rd, 2025. Squawk Pod begins right now.
1:36.5	Stand Becky by in three, two, one. Cure, please. Good morning, everybody. Welcome to Squackbox
1:43.6	right here on CNBC. We're live from the NASDAQ market site in Times Square.
1:48.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin, and here we go this morning, this Wednesday morning.
1:54.1	It does come after the worst day for the S&P 500 in over a month all the way back to August 1st.
	...

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