Speculation.
About CNN and Peter Thiel.
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A while back, I wrote a piece about the future of CNN. It seemed to me then, as it does now, that chances were (and are) good that Warner Brothers Discovery (WBD) would soon begin the process of selling CNN to the highest bidder.
The reasons were straightforward: (1) news is not a “core business” for WBD, (2) WBD is carrying massive debt (~$50 billion) that needs to be paid down if (3) WBD’s share price is ever going to regain the ~60 percent of the value it’s lost since it started trading as WBD.
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