The Skinny

Investors and executives have lined up in recent weeks to tackle what went on in the previous quarter. Disney’s earnings call was filled with optimism as it achieved profitability in its combined streaming business for the first time. Paramount Global also had its first profitable quarter for its DTC segment since launching Paramount+ 3.5 years ago, but it was overshadowed by cost-cutting measures that include an imminent 15% reduction in workforce. Warner Bros. Discovery also found itself searching for financial clarity amid an uncertain path forward.

Disney Streaming Businesses Profitable for First Time
Mouseketeers celebrated as Disney revealed positive profitability on its combined streaming businesses in 3Q24. Read More »
 
 
Paramount to Slash 15% Workforce, Taking $6B Write-down
With Paramount moving toward its proposed merger with Skydance, management used its 2Q24 earnings call to announce a 15% reduction in workforce to help it achieve $500 million in annual run rate cost savings headed into 2025. Read More »
 
 
WBD Takes $9 Billion Goodwill Charge on Networks
Warner Bros. Discovery’s 2Q24 earnings call had a sense of uncertainty around the next steps for the business. Read More »
 
 
Maffei Thinks T-Mobile Deals Show Charter’s Strength
Count Liberty Broadband President/CEO Greg Maffei among those unafraid of T-Mobile’s recent foray into fiber through joint venture acquisitions. Read More »
 
 
Effros: Why the Surprise?
The media went bonkers and if everyone had just taken a deep breath the last week would have been a lot less stressful. Read More »
 
 
Cablefax Daily: Your Vital Source for Industry News
Find out more about Cablefax Daily, the premium news source for high-level cable, broadband and media executives, at Cablefax Daily.
 

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