Media Companies Are Ready to Sell. Does Anyone Want to Buy?
Experts agree the media business needs to consolidate. But high interest rates, a hostile government and a shaky advertising market make it almost impossible to do a good deal.
Lina Khan, chair of the Federal Trade Commission (FTC), speaks during a House Judiciary Committee hearing in Washington, DC, US, on Thursday, July 13, 2023. Khan has been an active opponent of consolidation.
Photographer: Al Drago/BloombergHollywood studios and screenwriters have gone quiet, which is a good sign as far as everyone is concerned. While the two sides remain far apart on some issues, they are trying to do a deal.
If you know anything about what’s happening behind the scenes, you can email me at lshaw31@bloomberg.net. (If you don’t get this newsletter, you can sign up here.)