Jim Cramer
👤 SpeakerAppearances Over Time
Podcast Appearances
Wall Street hates linear TV.
It pays a fortune for those sports rights because those companies all realize that the real value is with live sports.
I mean, ESPN, they pay a fortune.
It needed the bundle.
Things were going down.
Go to Disney.
It costs thousands of dollars.
So we think if the economy turns down, we think that they're not going to be sold out.
And frankly, on that last conference call, they believed that that was a good quarter.
The stock was at 113.
And the stock lost $7 like that.
They're thinking that they're doing well.
Now, I happen to like the people who run it very much.
But having watched the stock of the company that I work for, Comcast, I don't do that anymore.
Now it's going to be versed.
I know that TV, it feels very much like radio.
It was very much like radio.
I got it wrong.
Look, the flaw is that you can get it wrong, but if you see it change up,
And you realize, you hear the things, it's $20,000 for a week and all that stuff.