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What's going on at TCM? Insiders detail the fight to protect the network — and why it matters (ew.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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A TCM insider believes Warner Bros’ cuts to the network were motivated by bonuses that give David Zaslav and other executives personal financial incentive to make new cuts.

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[–] [email protected] 13 points 1 year ago (4 children)

Only Zaslav could screw up a network that brings in ten times the money it costs to run.

[–] [email protected] 5 points 1 year ago

The board and CFO should be held up for scorn as well. No finance metrics should be optimized in such a way that this decision got made.

[–] [email protected] 2 points 1 year ago

All this meshugaas has me pining for TCM's halcyon days of Robert Osborne.

[–] [email protected] 2 points 1 year ago

"I've got an idea, we'll borrow 50x!"

[–] [email protected] 1 points 1 year ago (1 children)

As I commented in another thread regarding TCM, how much could this channel cost? Is their audience 23 people nationwide? The library itself is now owned by WBD, barring the eternal legal c🤬🤬🤬🤬🤬🤬🤬🤬🤬k that is IP, so that can't be too big of an issue. The staff, including the presenters and writers (who probably get scale), has to be maybe 20-50 people. Sorry for veering into rant territory but I just can't understand the "logic."

[–] [email protected] 7 points 1 year ago (1 children)

If you read the article, it estimates running costs at around $20 million per year, and profit at $200 million. I wasn’t kidding when I said “ten times”.

[–] [email protected] 8 points 1 year ago

Read the article?!? What, are you insane?!? 🤣 🤣 🤣

Thanks, pal! 🤝