In Reply to: Yep, that's part of the story posted by blindness on February 17, 2026 at 13:33:53
> So I think they are doing this gladly and enthusiastically, as opposed to being purely driven by a sense of obligation and financial bottom line.
Mostly this is billionaire trying to give his son a toy. In order for his son to survive, Paramount needs to get bigger. David Ellison has done nothing to prepare for his role as CEO as a legacy media conglomerate. It's Daddy's gift.
I expect them to slash and burn the news section but mostly because it's unprofitable. Traditional media's future will be streaming and YouTube. It's time we got used to that concept.
Everyone is losing first to YouTube and second to Netflix which is a distant second, which is why Netflix is in this game.
Everyone is dramatically overpaying for a dying asset which was trading at $9 a share but has ballooned to just over $30 a share. Most likely Disney will be split in 2 also with their parks/movies/ships on one side and large elements of from streaming and cable networks sold off.