Wall Street is overreacting to new sports joint venture, says EW Scripps CEO
Publishing timestamp: 2024-02-08 17:26:09
Summary
The article discusses the plummeting value of local broadcast station groups after the announcement of a new joint venture by Disney, Warner Bros. Discovery, and Fox focused on sports fans. The CEO of EW Scripps expresses skepticism about the popularity of the new product and its impact on local stations. However, he also mentions the potential for compensation and support for affiliates. The article highlights the exclusion of CBS and NBC from the new bundle and questions the efficiency and appeal of the offering for sports fans.
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Keywords: tegna inc, scripps e w /de co, warner bros discovery inc, sinclair broadcast group inc, walt disney co, business news, sports, technology, fox corp. class a, fox corp. class b, breaking news: technology, media, paramount global, entertainment, breaking news: business, comcast corp,