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...cable channels,” said the former head of the BBC and The New York Times....
...A relative minnow, it has an enterprise value of just $25bn....
...In 1995, he persuaded Ted Turner to sell CNN — another pioneering cable channel — and the rest of his TV, movie and sports empire to Time Warner....
...Paramount trades at an enterprise value/ebitda multiple of 11 times (assuming its debt is worth 100 cents on the dollar). Warner gets just 7 times....
...Warner’s net debt stood at $43bn at the end of September, or 4.1 times its earnings before interest, tax, depreciation and amortisation, while Paramount had $14bn in net debt, or 6.1 times its ebitda, according...
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...It is on its way to shrinking its leverage ratio from 4.6 times currently to under 3 times over the next 18 months....
...The total was almost 11 times as big as what clubs spent on transfers in the same period in 2020....
...Before that big step, ESPN is also launching a sports streaming joint venture with Fox and Warner Bros this autumn....
...Warner is also in talks to bring in Mark Thompson, a respected news veteran who ran the BBC and the New York Times, to right the ship at CNN, according to a person familiar with the matter....
...For this year’s Salone, Controvento will unveil Warner Bros’ first interiors collection, designed for Formitalia and titled Wayne Enterprise after Bruce Wayne, the fictional CEO who leads a nocturnal double...
...Earlier this month, more than 3mn people tuned in to watch Clark break the all-time scoring record in college basketball — for men and women....
...Warner board member....
...“You have to be willing to pivot,” he told the Financial Times....
...Former BBC and New York Times head Mark Thompson has been appointed chief executive of CNN, as the troubled cable news channel seeks to turn round its business after a rocky year and a half....
...Siobhan McKenna founded knitwear brand Moss + Cable in her native Donegal in 2020....
...The average cable TV package costs $83 a month....
...The shares are trading at 9 times forward operating profits to enterprise value, down from 11 times at the start of the year. A shortage of high-voltage capacity will boost orders this year....
...The potential tie-up between ESPN and TGL comes at a pivotal time for both the network and the business of golf....
...Bros, and John Malone, the cable billionaire and Warner board member....
...The major highlight for Hong Kong earnings is the rare appearances of executives from Chinese state-owned enterprises....
...US interest rates are higher than they have been in two decades, raising the cost of borrowing at a time when Disney and Warner are already saddled with substantial debt....
...He planned to reposition it less as an “activist” network than it had been in the Trump years — a strategy that was advocated by John Malone, the cable billionaire and Warner board member....
...Unlike cable TV, where things tend to be bundled up together and you just had to pay for content even if you weren’t watching it....
...Zucker was also under pressure from CNN’s new owners, Warner Bros Discovery....
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