John Malone, the cable pioneer, iconic investor, David Zaslav mentor and major shareholder of Warner Bros. Discovery said crippling debt plagued the conglom post-merger but it’s slowly starting to see some light.
At an event in New York, he opined on the recent election, what he thinks the incoming administration’s top priorities should be, and media M&A — and also expressed a wish to know more about Elon Musk‘s mind. “Unfortunately, Warner Bros.
Discovery got in with a lot of leverage when they combined and so they had to struggle a little bit, using a lot of their energy to drive down their debt,” he said during a Q&A at the Paley International Summit in midtown.
The Liberty Media chairman rarely appears in public but has been a fixture at this event, interviewed by his colleague Mike Fries, CEO of Liberty Global.
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