This is Danny Hyfitz here to remind you that it's never too early to start thinking about football.

Join me with Danny Kelly and Craig Coralbeck on the Ringer Fantasy Football Show all offseason.

As we dive into the biggest news and topics are in the 2024 NFL season, also we probably get into really stupid arguments too.

That's the Ringer Fantasy Football Show on Spotify.

It is Friday, July 19th.

It's been more than two years now since Warner Media and Discovery Communications were

combined under the leadership of David Zazloff.

He's basically our Kim Kardashian on the town.

We talk about him so much.

Zazlov and his patron, John Malone, the big investor and the Warner Brothers Discovery

shareholder, they premised this merger on using the billions of dollars from the combined

linear television assets like HBO, TBS, CNN, and the HGTV and Discovery Channel,

which are profitable but shrinking fast. They wanted to use those to power their investments

in streaming, which ultimately led to max, the service that has about 100 million subscribers worldwide.

It's been a rough road, though, mostly because the TV advertising market has not delivered

what Zaslov thought it would. They've got tons of debt. And those investments in streaming are very

expensive. They've cut a bunch of costs, laid off thousands of employees, they're making fewer

shows and movies, and they're probably about to lose the very lucrative NBA rights.

And despite all those cost cuts, this week there was a very interesting report from the

analyst at Bank of America

Securities, saying in pretty stark terms that Warner Brothers' discovery is, quote, not working

and that something else needs to be done quickly to right the ship, something drastic.

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