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This was the week that cable TV died: A 30-pack of basic-cable channels across three companies lost more than $15 billion in value in 39 hours.
This week, about 30 cable channels across three different companies lost more than $15 billion in value.
Warner Bros. Sports is set to lose the NBA on TNT after next season now that the league has inked a new$76 billion deal across 11 years with Disney, NBCUniversal, and Amazon. We wrote the word three times because the company is getting rid of a massive amount of people: roughly 2,000 in the U.S., a person with knowledge of the situation told IndieWire. That joke won’t have a punchline soon, as the trio will likely be let go (or at least demoted) so that Ellison can (probably) install former NBCUniversal CEO Jeff Shell in the top spot of Paramount Skydance.
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