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Rich people don't buy media companies because this is the best business in the world. Quite the opposite, most media companies are mediocre or lose money. They
by coliveira 7mo ago
Rich people don't buy media companies because this is the best business in the world. Quite the opposite, most media companies are mediocre or lose money. They do this because of the political clout they get with the control of these media properties.
- JumpCrisscross 7mo ago> They do this because of the political clout they get with the control of these media properties Bezos bought the Post for clout. Ellison (and his investors) are buying Warner Brothers first and foremost to make money.
- onetokeoverthe 7mo ago[dead]
- coliveira 7mo agoAs the article shows, the most probable result of buying Warner Bros will be another loss. Which won't stop more people from buying it again later.
- JumpCrisscross 7mo ago> the most probable result of buying Warner Bros will be another loss Sure. The same goes for most bunker-buster LBOs. Doesn’t mean the sponsors are doing it with the expectation of losing money.