Good summary. No comment on the stocks, but broadcasters persistence in their current form is baffling.
Buffett famously said if the internet came first, newspapers likely wouldn't exist. You can argue local news channels might, but not with the economic model they enjoy today.
Buffett famously said if the internet came first, newspapers likely wouldn't exist. You can argue local news channels might, but not with the economic model they enjoy today.
Buffett quote here
They will likely last much longer than they should simply because Networks extricating themselves from the relationships is arduous, but I view their continued existence in current form as a failure of capitalism.
Again, doesn't mean the stocks aren't cheap and won't go up.
Again, doesn't mean the stocks aren't cheap and won't go up.
