Comcast Looking to Sell MSNBC as Ratings Collapse
Wouldn’t it be grand if Elon swooped in and picked up MSNBC? Comcast is looking for a way to stop the bleeding on their balance sheet. With over a $100 Billion in debt, we aren’t just talking a little scratch. Just before the election the rumors from reliable sources indicated that Comcast was looking to find a way out.
Right Scoop gives us the latest numbers:
It was reported last night that MSNBC ratings have completely cratered since President-elect Trump won the election and this comes amid news that Comcast is ready to get rid of the network to the highest bidder.
Here’s the ratings report from Fox News anchor Liz MacDonald:
Major Nielsen ratings plunge at MSNBC since Trump won, practically every day since.
Just one example – 10/30 Wednesday vs Fri 11/8 –
- Morning Joe 1st hour – down 39.6%
- Morning Joe 2d hour – down 36.9%
- Andrea Mitchell – down 39.7%
- Ari Melber – down 49.6%
- Joy Reid’s Reidout – down 54.6%
- All-in w Chris Hayes – down 47.2%
- Alex Wagner Tonight- down 53.6%
- Lawrence O’Donnell – down 60.6%
- Stephanie Ruhle – down 67%
Looks like it may be bye bye to Joe and Mika. Throw in Rachael Maddow.
The total debt on the Comcast balance sheet as of September 2024 : $101.36 Billion USD. According to Comcast’s latest financial reports the company’s total debt is $101.36 Billion USD. A company’s total debt is the sum of all current and non-current debts.
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Comcast’s total debt was $101.36 billion, with total liabilities of $183.33 billion and total shareholder’s equity of $85.77 billion.
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Shareholder equityAs of December 31, 2022, Comcast’s total shareholders equity was $80.9 billion, which was less than its net debt of $91.2 billion.
Similar to other pay TV operators, Comcast lost a substantial number of subscribers in recent years. In the second quarter of 2024, the company recorded about 13.2 million pay TV subscribers, down by nearly two million in just one year. As ofJul 24, 2024.
The second part of the video discuses the huge Google fine.
Steve Bannon’s Show:
BREAKING: I am putting together a team of investors here in Palm Beach to discuss purchasing MSNBC pic.twitter.com/TenBMHFId3
— Jack Poso
(@JackPosobiec) November 13, 2024
the best in the swamp
Source: https://bunkerville.wordpress.com/2024/11/13/comcast-looking-to-sell-msnbc-as-ratings-collapse/
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