So you know it has to be true ...
Posted on 04/24/2022 9:54:52 AM PDT by ChicagoConservative27
Brian Stelter: CNN+ ‘Doomed Because of the Timing of the Merger’
Wait just a minute. Wasn’t CNN+ counting on the merger to provide startup capital in the area of one billion $. So the timing of the merger created CNN+ and also cancelled it? No, rather the talking heads at CNN decided that they could spend a billion $ of money that didn’t belong to them and now their pissed that they were called on it.
So you know it has to be true ...
Hey hey, goodbye
Na na na na, na na na na, hey hey, goodbye
Na na na na, na na na na, hey hey, goodbye
Na na na na, na na na na, hey hey, goodbye
“Maybe not. Isnt the merger just about to close?”
merger already closed on friday ...
Isn’t this the numb scull who was master bating on a social network? If true, what an ass!
AT&T’s bungling of its WarnerMedia misadventure will live on forever in the annals of business school case studies of sheer, gobsmacking incompetence.
That’s still second place to their simply dropping the $1Billion they spent to “launch” Cingular only to go back to the AT&T brand. Incompetence rewarded.
I don’t follow it closely, but from casual reading I gather that Discovery is cleaning house. That’s a start. But my layman’s suspicion is that the real bunglers weren’t at WarnerMedia; they were at AT&T, which bought some creative companies in a business they didn’t understand and with movie and tv studios they had no idea how to manage. Because streaming, or something. AT&T thought it had to get in on the next big thing and forgot that understanding your business is still important.
That was ATT in a nutshell!
Lots of money to burn with no viable market plan nor way to dynamically adjust/pivot to changing consumption. The mentality of “If we offer it, they will buy...” still pervades.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.