Goodness gracious great balls of fire

The eagle has landed

Disney CEO rules out buying any content libraries or studios at WSJ Tech. Says Disney's plan is and will be to make its own content.

CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming cnb.cx/3W8gaZi

Here’s Licht’s full memo.

One interesting tidbit I picked up as a result of this story -- WBD CEO David Zaslav has tasked all of his division heads with transforming their businesses and cutting costs. He hasn't given them any specific directions. More of a 'what can you do for me?' Interesting approach.

Alex Sherman “[Licht] wants CNN to cover stories…like a newspaper…less like Politico… stories…an avg family would discuss…less obsessive focus on politics… more business, tech…even sports… 1 of Licht’s major complaints w/CNN… the…tendency to hover in outrage”
cnbc.com/2022/10/26/cnn…

Sources: CNN CEO Chris Licht has finished a broad business review, as part of a plan to eliminate 1,000+ Warner Bros. Discovery jobs before the end of 2022 (Alex Sherman / CNBC)

cnbc.com/2022/10/26/cnn…
mediagazer.com/221026/p3#a221…

There’s a lot of stuff in this one. Give it a read if you’d like.

Chris Licht has a reputation for honesty and was candid about several things:
*CNN’s employee base is collectively nervous
*Theyve been conditioned to operate in a world run by Jeff Zucker, who has a different mgmt style
*There have been false narratives about Licht’s motives

CNN chief Chris Licht just wrapped up a review of the network's business, as parent company Warner Bros. Discovery prepares to cut more jobs cnb.cx/3zjfK8J

Sorry YouTube, I limited my kids’ watching people open Pokémon card packs to one hour a day this past quarter.

John Lynch trading all his 2023 picks so Kyle Shanahan can't pester him to trade for Mac Jones

The thing about Succession is the show is amazing but this trailer would have been great with no words and just music. You had me at violin.

I look forward to 2023, the year of the streaming price hike.