"There isn't a reason for CBS, ABC, and NBC to have three different newsrooms, Galloway began, adding: They're just not that different. They're reporting the same f*cking thing, starching it, trying to make it interesting, and then showing some guy who's raising dogs in Alaska alone and some inspiring stories so we're not just totally depressed about it. It's the same fucking thing over and over."
"I told you one of my best investments ever was a Yellow Pages company, and we knew the business was going away, but we just went around and bought every Yellow Pages company, held on to the best salespeople, and as long as you cut costs faster than the revenue declines, you can have a good business. This business is not coming back, and the reason why is the following, Galloway concluded before breaking down his argument further."
Cable news faces structural decline and is unlikely to return to previous scale. Major networks duplicate reporting and spend heavily on production while delivering shrinking demo audiences. Consolidating newsrooms and backend operations can reduce redundant costs and preserve profitability. A buy-and-consolidate approach, retaining top salespeople and cutting overhead faster than revenue declines, can sustain cash flow from shrinking but still-profitable assets. High production costs for entertainment and news shows often outweigh returns, making means-of-production economics unfavorable. Strategic consolidation and cost discipline are presented as the primary path to maintaining shareholder value in a contracting market.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]