4.3 • 847 Ratings
🗓️ 19 July 2024
⏱️ 37 minutes
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0:00.0 | This is Danny Hyfitz here to remind you that it's never too early to start thinking about football. |
0:04.7 | Join me with Danny Kelly and Craig Coralbeck on the Ringer Fantasy Football Show all offseason. |
0:09.4 | As we dive into the biggest news and topics are in the 2024 NFL season, also we probably get into really stupid arguments too. |
0:15.4 | That's the Ringer Fantasy Football Show on Spotify. |
0:20.2 | It is Friday, July 19th. |
0:22.8 | It's been more than two years now since Warner Media and Discovery Communications were |
0:27.2 | combined under the leadership of David Zazloff. |
0:30.5 | He's basically our Kim Kardashian on the town. |
0:32.6 | We talk about him so much. |
0:34.2 | Zazlov and his patron, John Malone, the big investor and the Warner Brothers Discovery |
0:38.3 | shareholder, they premised this merger on using the billions of dollars from the combined |
0:43.7 | linear television assets like HBO, TBS, CNN, and the HGTV and Discovery Channel, |
0:49.9 | which are profitable but shrinking fast. They wanted to use those to power their investments |
0:55.1 | in streaming, which ultimately led to max, the service that has about 100 million subscribers worldwide. |
1:01.7 | It's been a rough road, though, mostly because the TV advertising market has not delivered |
1:06.4 | what Zaslov thought it would. They've got tons of debt. And those investments in streaming are very |
1:11.9 | expensive. They've cut a bunch of costs, laid off thousands of employees, they're making fewer |
1:16.8 | shows and movies, and they're probably about to lose the very lucrative NBA rights. |
1:22.3 | And despite all those cost cuts, this week there was a very interesting report from the |
1:26.4 | analyst at Bank of America |
1:27.5 | Securities, saying in pretty stark terms that Warner Brothers' discovery is, quote, not working |
1:33.0 | and that something else needs to be done quickly to right the ship, something drastic. |
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