Spencer Soper

With NBC, they have a broadcast license.

What do you do with that if you need to transfer?

We've seen all these FCC issues come up over broadcast issues.

And with Paramount, they've just bought... There's still...

working on the previous deal with Skydance and Paramount.

So there are issues facing all of these companies.

You know, Paramount's been very aggressive about saying, oh, we have, you know, Trump's blessing.

And so it's going to be, we have the easiest, clearest pathway to get this deal done.

Yeah, exactly.

They've been spending a lot on data centers, and this is more fuel for that.

They're coming in a little lighter than some of their competitors in terms of the amount they're looking to raise at $12 billion.

Others have raised $30 billion, $25 billion when we look at Oracle and Google and Meta.

So they're coming in a little bit light, but that also might just be an indication that they have more cash flow available.

to keep these investments going on a running basis.

And they're looking at 150 billion in 2026 on CapEx.

Yeah, it's going into all of the above and they can't build them fast enough.

And a big consideration is still power.

You know, it's still once they build these facilities, will they have the sufficient energy to power them?

So, yes, it is a race and they just want to make sure that they have the capital available to take care, take advantage of any opportunities as they come.

Yeah, of course, you know, Amazon recently laid off, you know, more than 10,000 workers.