Thursday, December 19, 2024

What if they had a news network called Spinco?

Ya, I know what you’re thinking; the Geriatric Ranter, given as he is to paranoia and conspiracy theories, sparked a fattie and came up with some mildly amusing speculations. But no! There’s actually a whole gaggle of ivy leaguers embedded in greed-bag hedge-funds who are doing this right now! It all goes back to the Comcast takeover of NBC Universal. The combined company was one of the bigs in global media. Alas, shit happens and times change, and big brand news titles aren’t what they used to be. Although Rachel Maddow, Queen of Prog News, still makes 25 million a year to be determinedly, proudly, and ostentatiously wrong about almost everything, the MBAs at the top of the mainstream media food chain plan to ditch most of their news properties. They’re spinning them off to a subsidiary they’re calling "Spinco." There’s something refreshingly honest about that!

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