July 27, 2023 MDG

B&C Networks

Fire sale

In another timeline we would guide to an upcoming media m&a landscape.
That implies demand. If what Iger, Redstone and others are saying now
come to manifest there will be a lot of networks up for grabs with few suitors.

Couple that with a crippling actor and writer strike and you have the equivalent
of thousand year storm in broadcast and cable.

The landscape starts to look like a fire sale.  I did a rough projection just looking
at a few stakeholders and being conservative….