Scott Galloway

Oh, thank you.

We've already decided this.

Warner Brothers, 117 adjusted GAAP versus estimates of nine cents, which is actually pretty good.

They had a 45 percent beat.

Operating margin was down, but are mostly flat.

The linear networks continue to bleed.

The revenue fell eight percent.

with domestic pay TV subscribers down 10 percent and free cash flow was 476 million and net leverage sits at 3.4x.

The Paramount deal is expected to close Q3, which will form a company with 69 billion in pro forma revenue.

If there's a book,

If you wrote a book called The Worst Acquisitions in History, you could just call the book Time Warner.

Yeah.

They are at the center of the... I mean, three of the five worst acquisitions in history all involve Time Warner.

Yeah, with AT&T, AOL, right?

And this one.

Yeah, and this one I think will go down as... In terms of shareholder value destruction, Paramount posted a clean beat and streaming turned its first real profit revenue of $7.

0.35 billion versus 7.28, EPS of 23 cents versus 15 cents expected.

It's just incredible.

Companies are just blowing away their earnings.

Their direct to consumer revenue was up 11 percent.