Only Zaslav could screw up a network that brings in ten times the money it costs to run.
this post was submitted on 08 Aug 2023
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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.
All this meshugaas has me pining for TCM's halcyon days of Robert Osborne.
"I've got an idea, we'll borrow 50x!"
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."
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”.
Read the article?!? What, are you insane?!? 🤣 🤣 🤣
Thanks, pal! 🤝