> And executives at Warner Bros Discovery appear to have learned absolutely nothing from the experience [of AT&T acquiring and divesting Warner]. > The New Yor

> And executives at Warner Bros Discovery appear to have learned absolutely nothing from the experience [of AT&T acquiring and divesting Warner]. > The New York Times indicates that Warner Bros Discovery boss David Zaslav is in early talks to merge with yet another company, this time Paramount (CBS). These mergers provide absolutely no real benefit to the broader world; they exist exclusively so the fail upward brunchlords in charge can nab giant tax breaks and put “savvy dealmaker” on their resumes. I agree that there might not be broader value, though there is an argument that Paramount and Warner both need to be bigger to compete with Netflix and Disney. What I disagree with is that this is just a move to boost there resumes. This is completely different from the AT&T deal. These are similar companies trailing the market leader, so there are benefits beyond empire building.