CNBC’s David Faber sits down exclusively with Liberty Media Chairman John Malone to discuss his outlook for streamers as competition grows for content, sports rights, and more.
Watch CNBC's full interview with Liberty Media Chairman John Malone https://t.co/bXO7W0JL4q
— Tom Benson (@Tombenson1) November 18, 2022
Two Takeaways:
► On streaming: "At the moment, there is a lot of blood flowing down the gutters of people who are streaming. Some of them can afford it, and some of them can’t."
► On CNN: "I have met Chris [Licht] the new head of CNN once. I was quite impressed that he saw it sort of the way the board saw it. That being in the global news business, you needed to make sure that news portion of your programming ... should be extremely trustworthy, solid, not spun, not manipulated in any way. ... And the company can even have an editorial policy ... They need to separate it from the hard journalism. And I would love to see the core of it be hard journalism. And CNN has some great journalists. So none of this was ever an attack on the vast majority of journalists that work at CNN."
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