Tom

Wow.

Well, everybody has issues with the police department, especially if you're on the wrong end of the ticket.

It's an individual.

So it's a tale of two cities.

Netflix wants to buy the library, and then Warner Brothers Discovery will take the cable nets, most notably CNN, and put them in a small public stock and throw it out on the stock market where it will languish during the conversion and the deterioration of cable subscribers.

That is...

my supposition, but many, many analysts are behind me on that.

And that is, okay, all these cable nets go here and Netflix gets the library.

Paramount is saying, no, no, we'll take the whole thing and we'll take the whole thing for 31 a share.

You don't have to spin out the cable nets.

We'll take the whole thing.

People in Hollywood have been behind the scenes.

They don't want Paramount to do that because they don't want to have CNN moderated or worse, EGAD made slightly conservative, which is what they've seen happen to CBS.

They said, oh my gosh.

Well, there's only one Barry Weiss, but she's at CBS.

Eek, what sort of horrible person could he put, you know, on top of CNN?

This will be terrible.

We would have left, right, and center media.

People would have ways to make up their mind.

We can't have that.