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CBS News May Be Gone In a Few Years
Front Page Magazine ^ | by Daniel Greenfield | June 25, 2023

Posted on 06/25/2023 7:56:54 AM PDT by E. Pluribus Unum

We live in interesting times. The old media giants are just money-losing properties out of phase with a new arrangement in which networks, free and cable, are being replaced with streaming subscription packages.

When Discovery found it had CNN on its hands, it tried to clean house because the cable news network is an unwanted drain.

But an even bigger legacy name in news may be circling the drain. Think Cronkite and Rather.

Equity analyst Steven Cahall of bank Wells Fargo gives Paramount Corp. another “1-2 years” of throwing “good money… after bad,” chasing a streaming profit that may never come, and riding out the last gasps of linear television, before “the break-up becomes inevitable.”

The “good money” within Paramount Global lies inside its studios, which Cahall sees as worth about $30 billion in a sale, per a note he sent to clients on Thursday…

That’s the general consensus surrounding Paramount Global: It’s got great studios and a deep library, but the suite of cable channels and other antiquated assets belong in the bargain bin. Even broadcast network CBS, despite regularly drawing the most viewers on television, is more of a burden than a blessing in potential M&A activity.

For example, NBCUniversal parent Comcast would have good reason (and good money) to buy Paramount Global in its entirety — heck, Paramount+ could even be the thing that saves Peacock — but owning both NBC and CBS is an FCC no-no.

The short version is that CBS isn’t seen as an asset anymore in the equity game, it’s a platform in an era where everyone is chasing subscription platforms, not ad-supported network viewing. (This is dumb, but that’s the current business model that the industry is using to bankrupt itself.)

(Excerpt) Read more at frontpagemag.com ...


TOPICS: Crime/Corruption; Culture/Society; Government; Politics/Elections
KEYWORDS: cbs; greenfield; media; msm; news; paramount
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To: yefragetuwrabrumuy

Noting that, on this graphic, Paramount is the old Viacom+CBS media properties.


21 posted on 06/25/2023 8:48:23 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: yefragetuwrabrumuy

Blue Sky Studios no longer exists.


22 posted on 06/25/2023 8:52:41 AM PDT by Steely Tom ([Voter Fraud] == [Civil War])
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To: E. Pluribus Unum

Comcast can do what Disney did. Buy everything except for the network and owned stations.

Disney didn’t buy Fox News, Fox television network, and the Fox owned and operated television stations like KTVU, etc.


23 posted on 06/25/2023 8:53:46 AM PDT by moviefan8 (Cowboying is an art without an audience.)
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To: E. Pluribus Unum

Our 40-something employees get their news from social media: not network tv, cable, newspapers, or radio. Times have changed for sure!


24 posted on 06/25/2023 8:55:17 AM PDT by Brandonmark (November 2024 cannot comtly left out his party affiliation: e soon enough!)
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To: dfwgator

I’m with you. On election night I’ll flip from station to station but, except for that, I’ll be it’s been 20 years


25 posted on 06/25/2023 8:56:30 AM PDT by j.havenfarm (22 years on Free Republic, 12/10/22! more then 6500 replies and still not shutting up!)
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To: E. Pluribus Unum

It is ALREADY gone, just like the other big three lettered and add-on streamer lickspittles for the Democrat Party.


26 posted on 06/25/2023 8:57:15 AM PDT by Gaffer
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To: E. Pluribus Unum
I stopped watching “the alphabets” when I cut the cord, and the transition to digital television meant I couldn't receive anything over-the-air. And I don't miss it.
27 posted on 06/25/2023 8:57:55 AM PDT by asinclair (What doesn't kill you makes you stronger)
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To: E. Pluribus Unum

People watched Cronkite but his 15 minute news shows - (later moved to 30 minutes) were never designed to make money. The shows were network status markers that flowed from ole movie newsreel shorts after World War II.

When ‘news’ people started throwing their credibility away with alarmism (silent spring - population bomb, war lies etc) and bias it was over - just took a couple of decades to be noticed.


28 posted on 06/25/2023 9:03:55 AM PDT by GOPJ (Black dem thugs, white liberal 'elites', & sexual weirdos - democrat's team against the rest of us)
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To: E. Pluribus Unum

CBS News May Be Gone In a Few Years!

Why wait a few years, just make it ‘gone’ from our homes.


29 posted on 06/25/2023 9:08:20 AM PDT by Grampa Dave (We have no shortage of experts, who state things as fact, but really have no idea nor reality!)
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To: Tupelo

“What’s the frequency, Kenneth”?


30 posted on 06/25/2023 9:08:53 AM PDT by BipolarBob (The battery on my quantum computer is dying. I'm not sure where to find a replacement.)
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To: yefragetuwrabrumuy

Indeed the U.S.S.R. didn’t die it changes it’s name many times.


31 posted on 06/25/2023 9:16:18 AM PDT by Vaduz (....)
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To: yefragetuwrabrumuy

BREAK EM UP!


32 posted on 06/25/2023 9:18:23 AM PDT by cowboyusa (YESHUA IS KING OF AMERICA! AMERICA FIRST! DEATH TO MARXISM AND GLOBALISM!)
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To: Tupelo

Walter is not spining , he is with Teddy.


33 posted on 06/25/2023 9:19:44 AM PDT by cowboyusa (YESHUA IS KING OF AMERICA! AMERICA FIRST! DEATH TO MARXISM AND GLOBALISM!)
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To: E. Pluribus Unum

ABC merged with Disney(and Cap Cities). NBC merged with MSN. Fox built Fox Sports and Fox News. CBS just said “Cable? Internet? Who needs that?” Those decisions from the 1990s and 2000s explains how CBS got left behind. They didn’t merge or add anything of real value in the mediasphere. Meanwhile, the others were keeping their necks above water.


34 posted on 06/25/2023 9:20:11 AM PDT by OrangeHoof (No food in the stores; fuel prices too high? Thank a liberal.)
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To: Mean Daddy

Don’t watch cable news neither. Especially Faux Snooze.


35 posted on 06/25/2023 9:21:24 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: texas booster

Good news


36 posted on 06/25/2023 9:24:33 AM PDT by Milagros (Y)
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To: E. Pluribus Unum

Soon C No BS


37 posted on 06/25/2023 9:42:53 AM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.for corruptiion)
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To: nutmeg

.


38 posted on 06/25/2023 9:45:00 AM PDT by nutmeg (My 'pride flag' is the AMERICAN FLAG)
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To: adorno
Democrats need those networks to stay alive, and will do whatever it takes to keep their mouthpieces working. So, the DNC and Soros and democrat party machines will figure a roundabout way to fund those networs, and advertising money won’t matter.

It's mostly old people that watch alphabet network news. The DNC is more interested in accessing the younger generations. That's where the future of controlling what the public is exposed to is.

39 posted on 06/25/2023 10:08:17 AM PDT by AlaskaErik (There are three kinds of rats: Rats, Damned Rats, and DemocRats.)
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To: E. Pluribus Unum

It’s already been “gone” in many senses for a long time.


40 posted on 06/25/2023 10:41:10 AM PDT by Republican Wildcat
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