High Finance
Under the impressive leadership of Jonathan Karp , S&S generated revenue of $1.2 billion in the 12 months ending March 31 and operating income of $255 million, a margin of 21 percent. No wonder KKR wants the business.
Are You There, Aryeh? It’s Me, Shari…
publishing ain't so bad after all
Instead of pursuing bold acquisitions, he is now locked in pedestrian squabbles with cable operators and union leaders who refuse to be swayed, let alone charmed.
Dylan Byers • The Iger Bunker
What is perhaps most debilitating for Iger, however, is the simple fact that the rules of the game have changed, and the ambitions have diminished. The glory days of growth and conquest that defined his first tenure have given way to a brutal battle for survival, one in which Iger may be forced to deconstruct the very empire he helped build, starti... See more
Dylan Byers • The Iger Bunker
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i don't quite understand how this works yet but very interesting — and apparently the rules in an RMT are preventing Warner Bros Discovery and NBC Universal from merging right now
We write to speculate on the potential for a comeback. Grant’s, don’t mistake us, is bearish on bonds for the long run. If past is prologue, and if there’s anything at all to the fine art of pattern recognition, a new cycle of irregularly rising rates could be upon us, and it might persist for decades, like the 3.5
decade bear bond ... See more
To be clear, Buffett is the largest economic shareholder in Paramount but Shari still controls nearly 80 percent of the voting stock
Are You There, Aryeh? It’s Me, Shari…
Shari only owns 10% of the company, and that 10% first-class stock has 80% of the voting shares, which is wild. Back in the L*s M**nves days, they tried a “nuclear option” with Marty Lipton to provide a dividend to the second-class shares that didn't give money but instead granted votes, which would have the Redstone shares powerless. It never went through.
"The Fed's own data," observes the August 29 edition of "Early Morning with Dave" (David A. Rosenberg, of course), "show that bank-wide credit card delinquency rates have gone from 1.84% a year ago to 2.43% in the first quarter of 2023 and now to 2.77% in the second quarter. This is also before we have even seen the onset of higher unemployment--is... See more
In 2019, Ioannis Rallis, head of the group for European supranational, sovereign and agency debt-capital markets at J.P. Morgan, laid out the bullish case in these words: “With a high convexity bond, the price falls less if yields go up than it increases when yields go down. That asymmetry is very interesting for some investors, who can use it as a... See more
In a consumer survey last year, the Federal Reserve found that 37% of Americans lacked the savings to cover an unantici- pated $400 expense.