Financial Decline of Paramount and Warner Bros. Discovery

Paramount and Warner Bros. Discovery face significant financial losses in their linear TV business due to declining subscribers, advertising dollars shifting to streaming services, and impairment charges totaling $15 billion. The future of cable channels remains uncertain, with potential options including investment funds targeting them for cash extraction or pursuing a rollup strategy. The companies are exploring different possibilities to reshape their portfolios and compete in the evolving entertainment landscape.

Potential Restructuring of Warner Bros. Discovery

Wall Street analysts suggest Warner Bros. Discovery should consider spinning off its linear TV brands into a new company with debt to focus on streaming and studios for growth.

The Future of Linear TV and Streaming Platforms

Actor Edward Norton predicts the decline of linear TV and the rise of streaming platforms during a CNBC interview. He discusses a new venture called Zeck that aims to transform board meetings. Norton believes cable companies will become broadband delivery companies as streaming opens up space for more targeted advertising.