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1. Judge Dread (judgedread@poa.st)'s status on Saturday, 10-Aug-2024 08:15:03 JST Judge Dread
   Cable TV made money via ads and carriage fees.
   
   Consumers are proving unwilling to accept ads on streaming so this is a major crisis for the entertainment business.
   
   Cable TV biz crumbles
   
   Paramount Global on Thursday took a $6 billion write-down on its cable TV business, the day after Warner Bros. Discovery did the same for $9 billion.
   
   Why it matters: Both companies are struggling to convince Wall Street that their streaming bets will make up for those losses.
   
   Paramount Global's stock tanked 12% in after-hours trading Thursday, despite posting a streaming profit for the first time.
   Warner Bros. Discovery's fell 9% to an all-time low after its earnings release.
   Paramount's cable networks include MTV, VH1 and Comedy Central. WBD's include HGTV, Food Network, and CNN.
   
   axios.com/2024/08/09/cable-tv-business-paramount-warner-bros-losses
   • Kenny Blankenship likes this.
   • Judge Dread (judgedread@poa.st)'s status on Saturday, 10-Aug-2024 08:15:02 JST Judge Dread

     in reply to

     • NoDoxGregBrady
     @NoDoxGregBrady A la carte would have destroyed the business. The dirty secret was that if people could pick and choose 80% of cable stations would have gone out of business. The tier system coerced consumers into maximum spending, then the kikes divided up the winnings to their cronies at low rating shitholes like MSNBC.
     Kenny Blankenship likes this.
   • NoDoxGregBrady (nodoxgregbrady@poa.st)'s status on Saturday, 10-Aug-2024 08:15:03 JST NoDoxGregBrady

     in reply to
     @judgedread The truly great irony about all of this is the cable providers could have staved off this disaster if they would have just done what they were told to do and shitcanned their package-deals in favor of à la carte.
     
     ESPN was the most expensive, by far, and the core of every package. It also played no interesting sports of any kind.
     
     I left cable over a decade ago. I'd still have it if I could have (at the time) chosen History, Discovery, and a couple others. Cable gave us the finger and told us they'd only allow us to purchase their packages.
     
     Now they're suffering. I would have continued to tolerate commercials. Now? No.
     Kenny Blankenship repeated this.
   • Codeki :njp: (codeki@poa.st)'s status on Saturday, 10-Aug-2024 08:16:21 JST Codeki :njp:

     in reply to

     @judgedread Hey, remember when Cable didn't have advertisements because WE FUCKING PAID FOR IT. Remember how the cable channels decided to double dip to make more money?

     Yeah, fuck them, we're not falling for that again.

     Kenny Blankenship likes this.
   • Kenny Blankenship (dw2@poa.st)'s status on Saturday, 10-Aug-2024 08:26:35 JST Kenny Blankenship

     in reply to
     @judgedread >Paramount Global, one of the big six media companies, is imploding and was recently bought up by Silicon Valley heebs at a huge discount
     >Warner Bros Discovery, a huge part of another big sixer (AT&T) is at death's door
     
     Kosher nepotism and shortsightedness are killing zog media, and I'm loving every second of it