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...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 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....
...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....
...Warner board member....
...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....
...“You have to be willing to pivot,” he told the Financial Times....
...The major highlight for Hong Kong earnings is the rare appearances of executives from Chinese state-owned enterprises....
...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....
...Bros, and John Malone, the cable billionaire and Warner board member....
...The potential tie-up between ESPN and TGL comes at a pivotal time for both the network and the business of golf....
...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....
...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....
...“With the FIA, things happening behind closed doors, there is no accountability and the fans need that,” the seven-times champion said....
...And so all of a sudden, his raison d’être is changed,” says one former Time Warner official. “He couldn’t have bought the company at a worse time.”...
...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....
...The Time Warner-owned network was on a roll, and its success would transform the industry — as well as audiences’ expectations. It became a new golden age of TV....
...The cable news era that Turner launched is drawing to a close....
...Witness The Flash, a mid-ranking superhero project from Warner Bros whose casting has made it a Hollywood test case....
...And here are some charts: So, in the four quarters to September 2023, the UK exported £180bn of ‘Other business services’, more than double its exports of financial services, and five times cars....
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