Speculation.

About CNN and Peter Thiel.

If you aren’t a subscriber to Political Items, you missed this piece, posted yesterday. It is re-posted below for News Items subscribers only. Beginning 9 January, Political Items will require a subscription at the low, low price of $60 per annum (or $5 per month). You can subscribe by clicking on this link. The first 14 days are free.

---

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.