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There’s a Reason That Netflix’s Ad Business Has Underwhelmed
Somewhat lost in the company’s slew of firings and engagement warnings over the past few weeks was the fact that Netflix is scaling back its ad forecast for 2026 from $3 billion to $2.7 billion. That’s despite the fact that: CTV is growing by 14-15% this year This year saw a monster upfront Netflix is the biggest streamer out there this side of YouTube, and was the platform that for years brands were supposedly dying to be a part of In other words, that’s an alarming pull-back from Netflix. A Wall Street analyst I spoke with last week was blunt, calling Netflix’s ad business “disappointing.” To me, a red flag on the ad front is that Netflix has never revealed how many ad-supported subscribers it has. Because if I know anything about how big companies work, if they have a positive number that makes them look really good - they tend to share it. (How many subs does go90 have right now? We’re not saying just yet. How are ads going on ChatGPT? Oh, a billion run rate - I see). Yes, to date Netflix has shared some fuzzy ad numbers, such as the idea that the company’s ad tier ‘reaches’ 250 million users globally.’ Here’s why that figure gives me pause: a)they lead with global, and b) they don’t explain how they are calculated. (Are they based on average people in each room? Surveys of some kind?). Regardless, some insiders say that Netflix’s ad tier is scaling nicely - others not so much. Either way, one of Netflix’s biggest challenge on the ad front appears to have been its starting point. Remember, when Netflix launched ads in 2022, it had 73 million subs in the US and Canada. That’s 73 million people who were used to Netflix with zero ads. And when the ad product rolled out, the company clearly was going after new users - a limited pool of potential subscribers by default. That focus seems to have changed over time, as Netflix has tried to convert longtime subscribers to the ad tier. Historically Netflix subscribers are very sticky. But is the company’s low churn a problem? Not necessarily, according to Antenna data. Rather, Netflix’s consumer loyalty is a bit of a double-edged sword. “Netflix is the one streamer which actually has seen substantial “trade downs” but has much lower ‘win backs,’ said Antenna founder Jonathan Carson (win-backs being people who were on the ad-free plan, cancelled, then rejoined on the ad plan). “Netflix has lower churn and so has less opportunity to win back old subs with a lower cost plan option.” This all might explain why Netflix has been so slow to roll out all of these table stakes targeting options until just this week. It likely didn’t have enough users to carve up into various targets. etc. However, what really hit Netflix’s ad business was Amazon’s move a few years ago to turn on advertising for Prime Video by default. Suddenly the market was awash in premium inventory, and Netflix was playing catch-up on multiple fronts. Thus, the streaming giant appears to still be figuring out if if wants lead in ‘programmatic TV,’ or premium ‘upfront’ TV sales. “The CTV market now sorts into three businesses, and Netflix is not the leader of any of them,” wrote analyst Jack Myers. Ouch. So how does Netflix ratchet up its ads business? Get the next NFL package You’re gonna have to wait until 2030 unless one of the bigger media companies like Skydance opts out, but the easiest (not cheapest) way for Netflix to become a huge TV ads contender is to get one of the regular NFL packages, ideally Sunday afternoons. That way it can sell ads to its whole U.S. subs base overnight. Go FAST This one is risky, because to program a compelling FAST channel, you’d likely have to take some older Netflix exclusive shows and make them available for free to non-subscribers. But FASTs, for better or worse, are ad-inventory machines. Go full UGC I’m not sure I see this happening. There is something already off about Netflix carrying podcasts and shows for creators. The experience sticks out in what is such a produced, and generally non-communal environment. But Netflix could open up its platform by allowing creators to upload videos without having to be approved by the service. But that opens a whole other can of worms (policing brand safety, copyright infringement, overall quality). Make a huge RMN Deal I was going to suggest something crazy, such as ‘instead of buying Warner Brothers, Netflix should buy Target. But the company doesn’t want to be in the brick and mortar business. Yet for Netflix’s ad business to compete in an Amazon world, it needs to be able to connect ad exposures to shopping. What if, instead of letting Amazon target Netflix viewers with its DSP, Netflix inked a deal with Target, or even took control of Roundel, and created its version of the Amazon full-funnel for brands? Price us out. I hope they don’t do this, but Netflix’s price increases - while significant - haven’t been enough to push long-term customers out of the ad-free tier. But if they made those prices so prohibitive, it could push large swaths of consumers to trade down. Then again, that could also dent engagement - as binging becomes much less appealing once you bring ads into the equation. Or, they could just launch a bunch of hit shows and maybe everyone will quickly forget all this angst. More from Amazon unBoxed A few weeks ago, I recorded two podcasts live at Amazon’s unBoxed event in San Francisco. I was able to go really deep with several brand partners about how Amazon’s various data and ad products work - particularly the under appreciated Amazon Marketing Cloud. First, I talked with Laura Abadias Velilla, of the Amazon specialty agency Amerge, along with Amazon’s own Charlotte Maines, Vice President, Devices Content & Advertising, about how the two partners helped a very specific printer company Epson launch into a brand new category - high end projectors. It’s a great example of how brands connect audience data across platforms to make budget deployment decisions. Next, I chatted with Monks VP Head of Digital Investment for North America Tom Burchill about how the agency actually brought in data from Linkedin to help target B2B customers across various Amazon properties for the brand Quicken. Check it out: Check these out, or just listen:
Understanding Illicit Political Finance to Counter State Threats
In 2024, Western governments warned that Russia was actively interfering in Moldova’s elections, seeking to prevent the re-election of pro-European Union politicians. This interference targeted Moldova’s political system from multiple angles, including covertly funding political actors and protest movements. There were widespread reports of vote-buying, including cash payments of up to €100 to voters. Reports […]
Things to know when buying a business
Reverse due diligence isn't a typical business practice. But it should be.
Bose Is Buying Skullcandy. It’s Not as Weird as It Sounds
By keeping Skullcandy in Park City, Utah, Bose is betting that skate cred and budget pricing will reach listeners it’s been missing.
Australia’s Live Industry Feels The Pinch From Escalating Costs
Australia’s concerts industry posted small single-digit declines in 2025, due to rising costs, changing ticket-buying behavior and more.
Investors are piling into retail real estate. This Wheaton deal shows why.
Local real estate investment firm Core Acquisitions flipped the Rice Lake Square shopping center for $52.8 million just two and a half years after buying it.
Starbucks Just Ruled Out Buying Chipotle. Small-Business Owners Should Take Notice
Starbucks’ turnaround offers small business owners a powerful lesson: communicate your value to customers before changing your price.
Scientists left in the dark by National Science Foundation grant application delays
The Major Research Instrumentation program offers grants of up to $4 million to scientists buying research equipment
Walmart rolls out new bundle combining Walmart+, Sam’s Club Plus
Walmart shoppers can now get Walmart+ and Sam’s Club Plus together for $120 a year, nearly $100 less than buying both memberships separately.
10 Mini Gadgets Worth 3D Printing Instead Of Buying
There is an almost endless variety of mini gadgets worth 3D printing instead of buying. Some of the best include fidget toys, phone docks, and bag clips.
Video game ownership bill introduced in Congress
The Power To The Players Act would guarantee buying a game means you own it, not license it.
Thirty Seconds in Texas Costs $12,000 as Politics Dominates TV
Buying a 30-second television ad in Harlingen, Texas, typically cost political candidates less than $500 two years ago. These days the spots are going for the price of a serviceable used car in the small city near the Mexican border.
Allison Williams Says There Is ‘a Science’ to Buying a Kids’ Halloween Costume as a Parent (Exclusive)
The actress shares a 4-year-old son, Arlo, with husband Alexander Dreymon
Whatever you do, don't buy a Fitbit Edge on day one
Thinking of buying the Fitbit Edge? From early firmware bugs to Black Friday deals, here is why waiting for a few weeks is the smartest move.
QLED, Mini LED or standard LED? Here are 5 43-inch TVs to compare before upgrading your home entertainment setup
New Delhi, Oct. 18 -- A 43-inch television can be a practical fit for a bedroom, a smaller living room or a home where a larger screen simply will not work. But screen size is only one part of the buying decision. A conventional LED panel, a QLED screen and a Mini LED display can deliver different…
Every Major USB-C Cable Brand Ranked Worst To Best
All of these USB-C cable brands are worth buying, but because the devil is in the details, some brands have managed to separate themselves from the pack.
US Representative Introduces Plan To Preserve Digital Game Ownership
"The legislation aims to close the gap between buying a game and owning it"
I've waited years for a new Apple TV 4K, but I won't be buying the 4th Generation streaming box
The shine of Apple's new streaming box has worn off...
Buy A Shop, Earn Rent, Retire Early? We Did The Math Behind The Dream
Buying a shop can require a large upfront investment, and the rent may not be enough to cover the loan EMI.
Bumble’s buyout, Netflix’s shake-up, Reese Witherspoon’s do-over, and a wild week in business
Bumble is going private, Reese Witherspoon is buying back Hello Sunshine, and a Netflix shake-up. Here's what happened while we were at the MPW Summit.
Thinking of buying Tesla's flying Roadster? Read the fine print first.
Tesla's thrust-powered flying supercar was a wow-moment, but it also raised questions that make it important to read the fine print.
You’re Not Gonna Like the List of Donors Fronting the Bill for Trump’s Big, Ugly Ballroom
A White House spokesperson called them “a wide array of great American companies and generous individuals.” I call them a bunch of influence-buying grifters.
After nearly buying Warner Bros., Netflix is laying off 1,000 workers. What happened?
While Netflix continues to lead subscription streaming services, the company has continued to face growing scrutiny over how it plans to grow the Los Gatos company in the future.
From pallets to presents, Ames entrepreneur builds mystery box business
Two years ago, Jami Tharp was scrolling through TikTok when a trend caught her attention: mystery boxes. She ordered a few from Amazon, curious to see what would arrive. Soon, she started thinking bigger, buying wholesale pallets of merchandise and creating her own mystery boxes. Today, Tharp runs J&O Mystery Box Co., an online business...
Reese Witherspoon Is Buying Back Hello Sunshine 5 Years After Its $900 Million Deal
The actress and entrepreneur is reportedly reclaiming her business at a fraction of the price she sold it for.
Inside the ad model behind Issa Rae’s microdramas—and why Poppi and Sol de Janeiro are buying in
As microdramas gain traction as an entertainment format, Issa Rae’s media company, Hoorae, is pitching advertisers on its short-form series as media buys, not social media campaigns.
BUSINESS UPDATE: A 138-year-old New York Manufacturer Gets Another Life in Fulton
E.J. Willis Co. was founded in New York City in 1888 and for generations it has made ship’s bells and other equipment for the U.S. Navy and American shipbuilders. This summer, the new owner moved the company’s equipment to Fulton By Stefan Yablonski E. J. Willis Co. cast brass ship’s bells — handcrafted in the United States since 1888. Ship bells, “built to last a lifetime at sea,” are now manufactured in Fulton. E.J. Willis Co. has moved its operation and manufacturing business to Fulton. They are currently operating out of N.E.T & Die. The company is now under the ownership of Jonathan Hyatt. He recently acquired the company after seeing a for sale note on Craigslist. [caption id=attachment_11110 align=alignright width=400] Entrepreneur Jonathan Hyatt is the new owner of E.J. Willis Co. He bought the business this summer after finding a listing on Craigslist by chance.[/caption] “I had been looking for something to do. I had been 20 years in corporate America and I was just tired of building someone else’s empire, you know what I mean? I was in consulting, pretty much a jack of all trades. I wanted to do something that I could call my own,” he explained. “I’d been on this path of trying to find a business to buy for about a year. One night I am on Craigslist about 11:30 in mid-April searching for something completely unrelated. At the bottom of Craigslist was a ‘things you might be interested in from outside of your area.’ There was an ad that said 138-year-old bell manufacturing company for sale. So, I clicked; why not, right? I wasn’t looking to buy a manufacturing company, but I went down the rabbit hole, absolutely fell in love with the history and ended up buying it.” He read the ad and responded. “I called and I am talking to the owner of the business for about two hours. We ended with, let’s have another chat and then come on out here and have a look. I figured, well I might wind up getting kidnapped and getting murdered or there is a real business here. But I gotta see it through,” he quipped. “And sure enough, there is a big machine shop operation there. The gentleman who owned it was retiring and in the corner of this shop is a little room where they make bells and they have been doing this ever since the company had started.” That’s the one constant thing that has survived the changes of the business. [caption id=attachment_11061 align=alignright width=300] Sales 1929 general catalog published by E. J. Willis Co, listing all the merchandise it sold. It’s like the Sears Roebuck and Co. catalog for marine parts.[/caption] “I drove home and told my wife, ‘This is what I am doing for the rest of whatever we are calling this — mid-life crisis.’ And she said, ‘absolutely you got to do it.’ I took out a loan and off we go.” He put in an offer on the business and they closed on July 1. He didn’t disclose what he paid for the company. “In terms of price, the seller and I have agreed to keep those terms private.” “I am finding that I am a business owner, an archeologist, opening files and cabinets that haven’t been opened in 100 years. It’s just amazing, just cool things that I am finding,” he said. “I want to build the business back. I want to be able to sell the bells to outsiders. I think they are beautiful. “It’s really a wild story about a company that started in lower Manhattan, exploded in the automotive space, sold parts to the Wright Brothers, moved into the aeronautical world and then landed in marine. The cool thing, I have been digging around and the gentleman who owned the company prior to me was not a digital guy. There is nothing out there. “Now I am sitting here with all the art from like the 1930s, the E.J. Willis boat catalog it’s like 250 pages of things this company used to make. It’s like the Sears-Roebuck and Co. catalog for marine parts. We are modernizing, we are staying true to the heritage of the business. It’s exciting to be the next steward of the whole business.” Initially he thought he’d move everything from the company’s plant in Middleville, Herkimer County, to Boston, out of convenience. “Then I thought let’s keep the foundry where it is. Let’s not move anything right away,” he said. “I want to get a good sense of what we’ve got, what works and what doesn’t. “I went to the foundry and met with the people there, lovely people, and said here is my position — I am buying a company where everyone is retiring. There is machining and polishing to be done, who would you work with around here? Without hesitation they said, ‘you need to go to NET Tool & Die and talk to Michelle [Shatrau]. She is a third-generation machinist and she runs the company now.’” So, he drove to Fulton. “I knocked on the door, they let me in. And she said, ‘how’d you get in here?’” he said with a laugh. “We became fast friends. I told her what I am doing. It must have struck a nerve. She has a very entrepreneurial background. I must have said something right because she came out and she said, ‘I’d love to help you. Why don’t we move the equipment that you have into my large building and I will give you a space to work at and use my team?’” [caption id=attachment_11058 align=alignleft width=300] Bell in progress awaiting assembly[/caption] It’s a great relationship so far. “We are bringing the business into the modern world. It’s been a lot of stuff all at once. But it has been very exciting,” he said. “We moved in a month ago [in July]. We closed on the business July 1. We moved a couple weeks later. We had all our equipment set up, electrical being run, everything. [caption id=attachment_11059 align=alignright width=300] Bell attached to a lathe going through the machining process[/caption] “We’re working with NET Tool & Die to rebuild production and preserve manufacturing processes that, in some cases, existed mostly in the heads and hands of the people who had been doing them for decades. We’re currently working on several 200-pound ship’s bells and bringing an old two-way manual bilge pump back into production.” He said he will be working with NET employees for the time being, adding, “I’d love to get to a point where I have so much growth that I need to hire people.” No one wakes up and says, ‘I am buying a bell today,’ Hyatt admitted. [caption id=attachment_11060 align=alignleft width=225] Bell after receiving a custom etching toward the bell mouth[/caption] “Everyone does wake up and has things that deserve acknowledgment and remembering — a promotion, a marriage, the birth of a child,” he said. “These are the things I feel like if there was something that could capture a particular moment in time and will literally outlast the person that bought it, a bell is that. We can engrave a bell if you get married or the birth of a child. We can put anything on a bell. “I have orders, yes. I am working on several orders right now. We have a little bit of busyness. But there are still some things to work out. I want to make things consistently and continue to move forward.”
Are Bank Lobbies Still Relevant?
Local banking leaders say technology is changing the way customers use their banks — and their lobbies By Deborah Jeanne Post [caption id=attachment_11109 align=alignright width=300] Steve Gorczynski is M&T Bank Central New York regional president.[/caption] When was the last time you entered the lobby of your bank? If it’s been a while, you’re part of a trend of eschewing the lobby in favor of ATMs, drive-thrus, online banking and remote deposit. A 2025 study performed by the American Bankers Association revealed that only 9% of consumers use bank branches as their preferred way to do banking and 76% prefer mobile banking. The trend away from the lobby reflects consumer behavior in other areas of doing business, including online shopping instead of perusing the mall, ordering fast food at a kiosk, not at the counter and selecting curbside pick-up rather than walking into the restaurant. Consumers want convenience and going in the lobby adds another layer to the task. It also places consumers face to face with one or more representatives of the business, something less favorable to people feeling burned out from interpersonal interactions. Nixing or at least minimizing the size of the lobby isn’t necessarily negative for banks. Fewer people passing through their doors reduces overhead for building maintenance, staffing and furnishing. Greater reliance on virtual banking can mean closing brick and mortar locations and hiring fewer staffers to cover roles like teller and lending officer. “Our focus is on meeting customers where they are and giving them flexibility in how they bank,” said Steve Gorczynski, M&T Bank Central New York regional president. “While many everyday transactions can be supported digitally and through ATMs, branches remain important for more complex financial needs, offering face-to-face guidance and a more personal banking experience.” Talking with a commercial lender or working on a home mortgage are two examples where meeting face-to-face is more desirable for many people. They can receive immediate feedback to questions and can possibly reach their goals more quickly. But there’s little need to have a large seating area, long counters and numerous tellers for routine banking that’s quicker to handle virtually. Online banking can also help people on the go more readily complete banking tasks such as depositing checks, transferring funds among accounts and checking balances. [caption id=attachment_11135 align=alignright width=300] Tina M. Stephens is the vice president branch administration for Fulton Savings Bank.[/caption] “The traditional bank lobby is certainly being evaluated by most institutions today, as the typical large, open and cavernous spaces do not necessarily meet the needs of today’s customers,” said Tina M. Stephens, vice president branch administration for Fulton Savings Bank. “Traditional lobbies often bisect traditional teller stations and customer service areas, which adds confusion, especially for the demographic who routinely use online banking and only access the lobby for customer service needs.” Despite the rollback in physical locations across the industry, Fulton Savings Bank began modernizing its six branch offices in Oswego and Onondaga counties about three years ago and have finished four offices so far in Baldwinsville, Fulton, Constantia, and Phoenix. “We made the decision to build a new branch across the street from our current office in Brewerton which will be completed by the end of 2026, and we will begin the retrofit of our Central Square office in early 2027,” Stephens said. “Our efforts specifically address where we think customers will be in the next three to five years and have greater flexibility to make changes out into the future.” The bank may be onto something, as numerous reports state that screen-weary Gen Z young adults crave more in-person interactions than virtual ones. If the pendulum continues to swing in that direction, it’s hard to see all physical bank areas disappear, even if they change somewhat. Fulton Savings Bank has also consolidated its teller and customer service representative areas to larger “universal banker” areas, where the bank representative can address all customer retail needs. A one-stop-shop experience appeals to busy banking customers who want to perform a few different banking tasks in one visit. Stephens also said that Fulton Savings Bank made additional technology and security enhancements and created flex spaces to accommodate bank meetings throughout the two-county branch footprint. At Solvay Bank, Elizabeth Lavier, vice president marketing and communications manager, lauded digital and online services as convenient and flexible for managing finances; however, “technology is not meant to replace what matters most: the relationships behind every account that have always been at the heart of community banking,” she said. “Even in today’s digital-first world, people of all ages still value the opportunity to sit down with a trusted banker for personalized guidance. We understand that some of life’s biggest moments call for more than a screen.” Lavier views digital banking as another way for the organization to serve customers rather than a replacement for branches, tellers and lenders, which tend to serve customers better for transactions like buying a first car, purchasing a home, saving for a child’s education, or planning for retirement. “Those conversations, built on understanding, experience and personal guidance, are what community banking is all about,” Lavier said. “At the end of the day, banking is about more than transactions. It’s about helping our customers achieve their goals and being there for them every step of the way. By combining the convenience of digital banking with the care, commitment, and personal service of a local community bank, Solvay Bank offers customers the best of both worlds.” Are Paper Checks Destined to Disappear? With the ubiquity of debit cards, online payments, virtual checks and peer-to-peer payment platforms like Venmo, Zelle and PayPal, will paper checks become passe? “In my view, paper checks are unlikely to disappear in the near future,” said Tina M. Stephens, vice president branch administration for Fulton Savings Bank. “They continue to serve a practical purpose by providing a clear paper trail and tangible proof of payment.” According to the American Banker, a leading trade publication that covers the banking and financial industry, in 2024, checks accounted for 65% of all payment fraud losses. Paper checks should be phased out, according to the publication. “The phrase, ‘The check’s in the mail’ probably sounds strange to younger people because the era of paper checks is rapidly drawing to a close. Put bluntly, checks are an expensive, insecure legacy that is a drag on the U.S. economy. Rather than wait for them to vanish slowly, the pragmatic choice is to strategically accelerate the transition to paperless payments.”
From Oberweis Dairy to the Pittsburgh Penguins, this family is buying
The Hoffmann family has assembled an eclectic portfolio of more than 50 businesses, guided by a simple philosophy: Buy companies worth keeping — and don't sell them.
Buying a business with an SBA loan is more complicated. Here’s what to know.
The U.S. Small Business Administration has implemented a host of new rules impacting borrowers seeking SBA capital to finance a business acquisition or change in control.
I’m 55 and serious health issues run in my family. Should I get long-term care insurance, or is it just a scam?
It sometimes gets a bad reputation, but experts believe long-term care insurance can be worth buying.
10 Mini Gadgets From Ugreen That Are Actually Worth Buying
Charging tech, ergonomic mice, and even wireless earbuds are among Ugreen's smallest, most useful products on offer — and at great prices, to boot.
Economic development’s broken math of buying jobs
First in a three-part series: As the profession turns 100 this month, its traditional business attraction strategy must transform.
Bankrupt Ouachita County Medical Center reportedly eyed by UAMS, Baptist Health
CAMDEN -- The University of Arkansas for Medical Sciences and Baptist Health have expressed interest in buying Ouachita County Medical Center, the hospital's CEO told the county Quorum Court this week.
8 Best Gifts for Men Who Have Everything in 2026
Buying for the man who already owns the good version of everything is its own kind of design challenge. He has the watch, the pen, the television, the card holder. What he doesn't have is the version nobody else thought to make, the object that solves a problem he didn't know he had or simply
Packers Urged to Trade for Superstar Running Back
The Green Bay Packers are going to need a running back to hold things down on offense moving forward. Meanwhile, the Philadelphia Eagles just saw their starting right tackle retire and a starting interior lineman get traded. If the Eagles are continuing to sell, the Packers should be buying Saquon Barkley, according to Wendell Ferreira […] The post Packers Urged to Trade for Superstar Running Back appeared first on HEAVY.
Artemis Investment Management LLP Raises Stock Position in Sphere Entertainment Co. $SPHR
Artemis Investment Management LLP grew its stake in shares of Sphere Entertainment Co. (NYSE:SPHR - Free Report) by 118.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 447,982 shares of the company's stock after buying
CVS Health (CVS) Stock May Trade Below Fair Value On Integrated Care Push
CVS Health has delivered a 37.5% share price gain over the past three years, which puts fresh attention on a simple question. Is the current US$87.95 price tag adequately explained by the earnings power investors are paying for today? The 37.5% return over three years means anyone buying now needs to judge whether that past performance has already reflected what the business is earning. Recent developments, from extended distribution agreements with Cardinal Health and McKesson to regulatory...
Anthropic and OpenAI are keeping other companies on the IPO sidelines
Everyone's waiting for Anthropic to go public. Buying the stock is another story.
What's The Oldest Samsung Phone That Still Gets Software Support?
Buying a new phone is an investment, so you'll want one that lasts a while, but does your old Samsung still have some life or is it out of support?
Walgreens owner sells Boots for $8.9 billion
The sale marks Sycamore Partners' first major divestiture since buying the Deerfield-based retail pharmacy chain and breaking it up into standalone businesses.
Scientists Urge Consumers to Stop Buying Products Made From Antarctic Krill
A new global boycott comes as major retailers withdraw krill products from their shelves to protect whales and other marine life.
11 Prime Day Cycling Deals Actually Worth Buying in 2026
Navigating Amazon's cynical retail holiday is an exhausting chore. Here are 11 genuine 2026 discounts on cycling tech, smart trainers, and nutrition from Wahoo, Garmin, and GoPro that I recommend at full price.
Bastrop's beef business
Bastrop County cattle producers are shifting to direct sales, flexible buying options and new products to manage rising costs and smaller herds.
Tickets available Holiday Home Tour
Support senior nutrition in Yolo County beginning by buying tickets to Friends of Meals on Wheels' 24th annual Dickens in the Valley Holiday Home Tour, taking place Saturday, Dec. 5,
7 NFL truths we already believe after 4 weeks
This is what we’re buying at the start of the NFL season.
"If You Can't Own It, What Are You Buying?" – Former PlayStation Boss Questions Sony's Decision to Kill Discs
Ever since Sony decided to kill off PlayStation discs starting in 2028, the backlash has been pronounced to say the least. And, now, it looks like former PlayStation boss Shawn Layden is also questioning Sony's decision.
We’ve tested the best portable chargers. These 5 are worth buying on Amazon Prime Day
I sifted through hundreds of Prime Day deals to find tried-and-true portable chargers that will reliably top off your devices on the go.
Sphere Entertainment: Don't Let The Selloff Spook You
Sphere Entertainment stock pullback may be a buying chance: Sphere segment growth, new venues pipeline, and undervalued valuation.
After buying 4,500 shares, Dolphin Entertainment (DLPN) CEO holds 569,142 shares directly.
William O'Dowd IV paid a weighted average of $1.079 per share on October 5, 2026, under a prearranged trading plan, with prices ranging from $1.07 to $1.11.
Jumbo $5.8B freight brokerage deal will ripple through Chicago
C.H. Robinson is buying RXO, the parent company of Coyote Logistics.
Total Access Elevator Buys Competitor
Total Access Elevator, an elevator servicing company based in Santa Fe Springs, has made its fourth acquisition in a buying spree aimed at gaining market
What’s your music consumption medium of choice?
Are you streaming only? Have you dug out your old iPod? Have a massive vinyl collection? I want to know which music formats you listen to most and why. I’ve been buying more on Bandcamp, ripped all my CDs, and started carrying around an iPod again. But I haven’t been able to ditch streaming completely.
I’ve built hundreds of Lego sets. These early October Prime Day deals are actually worth buying
As an avid Lego builder, I found the best early October Prime Day deals on Lego Star Wars sets, brick-built plants and even F1 cars that you’ll find at Amazon.
I’m 55 and serious health issues run in my family. Should I get long-term care insurance, or is it just a scam?
It sometimes gets a bad reputation, but experts believe long-term care insurance can be worth buying.
Senate GOP smashing political spending records in TX with ad-buying binge for Paxton
KVII serves the Amarillo, Texas and Panhandle region with local news, sports and weather for the city and surrounding towns, including Canyon, Hereford, Borger, Pampa, Dalhart, Dumas, Childress, Perryton, Clarendon, Texas; Guymon, Oklahoma; and Clovis, Portales, Tucumcari, New Mexico.
Used Ryzen 7 5800X3D Gets Buyer Locked Out of Valorant Due to Previous Owner's Cheating
Buying a used Ryzen 7 5800X3D CPU has apparently locked its new owner out of Valorant. Reddit user After-Cartoonist-196 posted on r/PCBaumeister that they bought the chip through the German classifieds site Kleinanzeigen and have owned it since September 21. The CPU apparently works fine....
9 Of The Best Sound Systems For Your Home Theater Setup
Buying a home theater sound system can get really expensive really fast, but you don't always have to spend thousands to get something passable.
Looking at the Ugly Side of the Paramount-Skydance Merger...And How I’d Fix It
A Message from Our Sponsor Certified Fresh with 100% on Rotten Tomatoes, FX’s Adults is an ensemble comedy series about a group of twenty-somethings in New York leaning on each other to navigate love, work, friendship and family. Don’t sleep on “The Sitcom of the Moment” - Awards Buzz All Episodes now streaming on Hulu on Disney+. Watch The Teaser Trailer... (Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industr(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Before we dive in, I wanted to congratulate Broadcast Now for being the first to report that Netflix’s How to Get to Heaven from Belfast has been cancelled. (I saw this in a write-up by Kasey Moore of Whats-On-Netflix.) More importantly, I wanted to note that, as of yesterday, none of the other trades had reported the news yet. I have half a guess that eventually one of them will report this. Anyways, it’s time to take a break from my deluge of streaming ratings reports to continue my analysis of the Paramount Skydance Warner Bros. Discovery (PSWbD) saga. As I noted last week, a lot of times when folks use the (sometimes cliched) “the good, the bad and the ugly” framing for an article, “the ugly” section is just more bad. Or very, very bad. In this case, yeah, I do think it’s ugly. In more than one way. Unfortunately, we’re only going to have time to tackle one of those ways today: the ugly pile of debt to finance this deal. (In a future article, I may cover the entire process for how it went down, which was very, very ugly.) Last issue, I explained why I liked this deal in a vacuum. Unfortunately, “vacuums” don’t exist outside of space. Let’s dive in. Subscribe Most Important Story of the Week - The Ugliness of the Paramount/Warner Bros. Merger More than one person sent me a note speculating that the big problem with Paramount Skydance buying Warner Bros. Discovery is the “Warner Bros.” portion of the deal. In fact, that’s a take I read a lot about Warner Bros., ever since they caught Netflix’s, and then Paramount-Skydance’s, eye. In short, multiple companies (Time, AOL, AT&T, Discovery) have bought and then regretted buying Warner Bros. Since it’s nearing Halloween, you could almost say it’s like the folks think WB is cursed! It’s a haunted studio—like the town of Derry in movie studio form—and whoever takes possession of it will fall into misery! Yet...I just don’t like that story, because it doesn’t explain the “why” behind why those deals fell through. Especially when Warner Bros. has continued to succeed as a TV and film studio in the intervening two decades. Lord of the Rings? Harry Potter? Game of Thrones? Everything HBO? Considering it never fully owned a broadcast TV channel, this media company has done pretty well. So what went wrong? Well, in recent years, companies bought Warner Bros. instead of the other, smarter option. Explaining POCD (And Applying It to Mergers & Acquisitions) As I explained last issue, one of my favorite frameworks is the POCD tool for evaluating venture capital investments: People Opportunity Context Deal The bar to invest as a VC is high. (Or I might say “was” since cheap interest rates made life easier last decade.) You review a thousand prospectuses, get pitched by a hundred, and invest in the ten best, with the hopes that one of those ten would pay for the rest. That means every element of a deal needed to pay off: you needed the right people running the companies, who could capitalize on the right opportunity, in the context of an industry that was ripe for disruption. If you could then not overpay, you could make some money in a smart deal. The analogy isn’t perfect here, but close enough. For a merger or acquisition to work, you need the combined company (which is the opportunity) to make more than the price you need to pay (which is the deal). Note: the people and context still matter, but with M&A, it’s a little more straightforward: does the opportunity exceed the cost? And usually with Warner Bros., it hasn’t. If you want to find out the single biggest mistake made by the Warner Bros. suitors over the last few years (and my simple fix) become a paid subscriber. I’ll also touch on who I think Paramount-Skydance could (shockingly) consider buying next, TBD, and more. Sign up here.
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The Beclowning of Scott Bessent
One iron law of current politics is that nobody who associates themselves with Donald Trump emerges with a shred of credibility. For some, that’s not a big loss — it’s not as if anyone respected Pete Hegseth even before he decided that the key to military success in an age of drones and AI was more testosterone. For others, however, the costs are real. I’m old enough to remember when Marco Rubio was widely considered a reasonable, thoughtful politician. Right now, however, my candidate for the biggest loser is Scott Bessent, the Secretary of the Treasury. Bessent started out with significant reputation to lose: When Trump selected him, this was the headline in the Financial Times: Jason Furman, Barack Obama’s chief economist, described him as a “credible Treasury secretary who has a real understanding of the global economy”. But Bessent has now transformed himself into the Baghdad Bob of bonds. Three weeks ago, after intervening (for reasons that remain somewhat unclear) to support the Japanese yen, Bessent boasted about his ability to move markets and dared investors to bet against his, declaring “I am the house now.” He then tried to push long-term interest rates down, buying 30-year U.S. Treasuries in a move some have compared to paying down part of your mortgage by running up your credit card balance. Here’s how that’s going so far: To get some perspective on how high interest rates have gone, here’s a longer-term perspective: We haven’t seen interest rates this high since the fading days of the dotcom bubble. Why are interest rates hitting new records? The backdrop, as I argued in last Sunday’s primer, is the huge AI-driven investment boom; more on that next week. But the immediate cause of the latest interest rate spike was Trump’s rejection of an Iranian proposal to end the war. This rejection sent crude oil prices, which for a while had fallen considerably, shooting back up: It’s notable, by the way, that oil prices remain high even though a significant amount of oil is now being shuttled through the Strait of Hormuz by night, on smaller vessels. That’s an interesting story, which has a lot to do with the fact that oil from the Hormuz shuttle runs must be transferred to larger vessels before being shipped to markets in Europe and Asia; around 15 percent of the world’s large crude carriers are now parked off the coast of Oman, waiting to be tanked up. This is creating a shipping crunch: But that’s a topic for another day. For now, the point is that with oil still high and refined products, especially diesel, still close to record levels, inflation will remain elevated. And this in turn means that the Federal Reserve will keep short-term interest rates high, an expectation that is feeding into longer-term rates. Hence Bessent’s bond-market humiliation. The truth is that Bessent might not have been able to get interest rates down even in the best of circumstances. But he certainly won’t get anywhere as long as Trump keeps believing that he can somehow convert his Iran debacle into a triumphant victory. And Trump will keep believing that as long as he is surrounded by sycophants who tell him what he wants to hear. Sycophants like, for example, Scott Bessent, who is predicting the imminent collapse of the Iranian economy, possibly within two weeks. Bessent is right to say that the embargo on Iranian oil exports is placing the country under great economic strain. But his implicit prediction that this will quickly produce a deal that Trump can call victory looks no more plausible than his boasts about the bond market. The big question now is, why would anyone with a reputation to lose work for Donald Trump? As the beclowning of Bessent shows, joining the Trump team won’t just damage your reputation; it will utterly destroy it.
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