Legacy media companies enter dark times as failures mount and Netflix rises again

“Companies and industries have ups and downs. The legacy media industry is in a valley. The first half of 2023 has been a colossal disappointment…Legacy media may get a small reprieve if advertising jumps back as the 2024 U.S. presidential campaign heats up. But there’s still scant evidence investors will reward media companies for simply cutting costs…the landscape is bleak.”

https://www.cnbc.com/2023/06/25/netflix-rises-again-as-legacy-media-failures-mount.html

https://twitter.com/thechiefnerd/status/1673158453898952705

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