Next Sunday’s New York Times Magazine has an article on Coyote vs Acme. Gifted article:
Financial explanations contained therein aren’t wholly persuasive IMHO.
I saw someone compare Warner’s craven attempts to Make Line Go Up compared to torching a restaurant for the insurance money - they’re sacrificing the future of the company to pump the quarterly earnings statement now.
This is what happens when you put tech bros and finance bros in charge of media. No sense of conservatorship or respect for the company or its legacy - just do whatever will make the stock valuation LOOK good right now because that’s the only thing that matters and appearances are more important than results.
To these people, the ideal company is one that produces nothing, provides no services, and has no employees outside the C-suite, but raises its prices 50% every year and won’t let you cancel.
Please allow me to tweak this fine bit of wisdom for you:
This is what happens when you put tech bros and finance bros in charge of
mediaany company in any industry.
C.f. Boeing, HP, etc. And Warner.
The greatest and most important hot dog topping comes to the rescue:
(Okay, Ketchup is a media company, not the most baffilingly controversial condiment choice.)