A couple of years ago....W-B felt it could acquire a number of networks, and become a dominant figure.
So they picked up HBO, CNN, Cartoon Network, Boomerang, Adult Swim, HGTV, Food Network, Cooking Channel, Magnolia Network, TLC, OWN (Oprah Winfrey Network), Investigation Discovery, NBA TV (full ownership), MLB Network, Travel Channel, MotorTrend, Discovery Channel, Animal Planet, Science Channel, American Heroes Channel, and a number of international networks.
Along the way, they acquired DEBT. Some networks....like CNN...marginally made it.
Right now....Paramount is heavily trying to buy all of W-B, with W-B fighting them off. In the background...both Netflix and Comcast are discussing a buy-situation. Both Apple and some private investment groups are at least talking about a buy deal.
My impression....W-B wants to continue on.....but dumping the losers (mostly CNN and probably a package deal of NBA-TV and the cartoon channels going to someone).
I pondered upon this. No one really wants CNN. I asked Grok to assign a value, and he came back to suggest $4-to-$8 billion. Paramount's idea was to take CNN and merge it into CBS....probably dumping 50-percent of CNN's manpower.
I also pondered upon Elon Musk....he'd probably like to buy CNN, and fire 70-percent of the folks.....remaking it into XNN 'creature'.
Will all the dust settle shortly? With debt issues....I don't see W-B dragging this past January.
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