10 10 We live in interesting times. The old media giants are just money-losing properties out of phase with a new arrangement in which networks, free and cable, are being replaced with streaming subscription packages.
When Discovery found it had CNN on its hands, it tried to clean house because the cable news network is an unwanted drain.
But an even bigger legacy name in news may be circling the drain . Think Cronkite and Rather. Equity analyst Steven Cahall of bank Wells Fargo gives Paramount Corp. another “1-2 years” of throwing “good money… after bad,” chasing a streaming profit that […]