Quote:
Originally Posted by Tiny
Who says MAGA has a lock on conspiracy theories? The original reporting that Colbert’s losing $40 million a year came from the WSJ news (not editorial) section. That’s the same outfit that Trump’s suing for $10 billion. The television media segment of Paramount Global, which includes CBS, lost $6.19 billion last year. Strip out nonrecurring items like write off of goodwill and it made 1.04 billion. $40 million is about 4% of $1.04 billion, not 0.0005%.
The board and management have a fiduciary duty to do what’s best for the shareholders and other stakeholders, not the Democratic Party. If they don’t, they should be voted out and replaced. Getting rid of a program that’s losing $40 million a year is a no brainer.
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At least Liberal conspiracy theories usually have some semblance of reason. Paramount settles, a perceived enemy of Trump gets the axe right after.
Although I don’t believe one thing has to do with the other I do believe the timing of the cancellation is completely relevant. They could have announced the cancellation much closer to the end of the year and avoided this situation entirely. Unless the point is to kiss Trump’s ass and to reflect positively with the administration that regulates your business.