WGA: “WarnerMedia+Discovery promised that their merger would allow the new company to invest in more original content and create more opportunity...” But... "Warner Bros. Discovery has laid off hundreds of workers and canceled, pulled, or written off $2 billion in content...”

@donwinslow More opportunities for CEO bonuses, or something.

@donwinslow Like too many other mega-mergers, they don't live up to the hype and rarely, if ever, deliver the promised benefits.

@donwinslow Most of it “diversity” leaning people and content? Conservatives like John Malone poison everything (CNN). Hope that content written off didn’t included the George Clooney doc into Ohio state wrestling scandal.

@donwinslow Their mistake was expecting something different than what actually happened.

@donwinslow Ah the normal investor grift. All the capital in the company trickles upwards instead of to reinvestment. Company continues to get worse. Only to merge again boosting stocks. Repeat.

@donwinslow Discovery if failing. Use to be a go to channel, not any more. They buy up the small channels, companies and cancel just about everything.

@donwinslow So WarnerBros. Discovery are going to take this $2 billion loss, they created, off their taxes.

@donwinslow How many did Microsoft lay off while still trying to push thru a 44b acquisition?

@donwinslow Sounds like some strong management moves there...ugh. This should end well.