{"id":130065,"date":"2024-11-25T23:18:59","date_gmt":"2024-11-25T16:18:59","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=130065"},"modified":"2024-11-25T23:18:59","modified_gmt":"2024-11-25T16:18:59","slug":"elon-musk-floats-buying-msnbc-but-hes-not-the-only-billionaire-who-may-be-interested","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=130065","title":{"rendered":"Elon Musk floats buying MSNBC, but he\u2019s not the only billionaire who may be interested"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p>\n    <cite class=\"source__cite\"><br \/>\n      <span class=\"source__location\" data-editable=\"location\"\/><br \/>\n      <span class=\"source__text\" data-editable=\"source\">CNN<\/span><br \/>\n        \u00a0\u2014\u00a0<br \/>\n    <\/cite>\n<\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x4kj0r002o2cnn1ltyd18f@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Elon Musk has called MSNBC \u201cthe utter scum of the Earth.\u201d He has said the channel \u201cpeddles puerile propaganda.\u201d Just a few days ago he said, \u201cMSNBC is going down.\u201d And now he is posting memes about buying the channel.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51wap00063d5vofw4wtck@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Conventional wisdom holds that Musk \u2014 the world\u2019s richest man and key Donald Trump ally \u2014 and his friends are just joking. But Musk\u2019s posts are adding to the anxiety that MSNBC staffers are feeling about the reelection of Donald Trump and the <a href=\"https:\/\/www.cnn.com\/2024\/11\/19\/media\/comcast-nbcuniversal-cable-spinoff-msnbc\/index.html\">recently announced<\/a> spinoff of Comcast\u2019s cable channels.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq00073d5vjxft9gw7@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            I spent Sunday on the phone with sources to gauge what might be going on. I learned that more than one benevolent billionaire with liberal bonafides has already reached out to acquaintances at MSNBC to express interest in buying the cable channel. The inbound interest was reassuring, one of the sources said, since it showed that oppositional figures like Musk (who famously bought Twitter to blow it up) would not be the only potential suitors.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq00083d5v8p7kt5n8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But contrary to claims that Trump\u2019s allies are posting on X, Comcast has not put a \u201cfor sale\u201d sign on MSNBC\u2019s door. If Comcast chief Brian Roberts really wanted to sell the liberal cable news channel, he could have done that already. Instead, he is moving MSNBC and a half dozen other cable channels into \u201cSpinCo,\u201d a pure-play cable programming company. The hope is that spinning off the pressured-but-profitable channels will boost shares of both Comcast and \u201cSpinCo.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq00093d5vz6jo4ps8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Comcast says the transaction will take about a year. At that point, could someone swoop in with a bid for MSNBC? It\u2019s complicated. \u201cSpinCo\u201d is structured as a tax-free spinoff, and immediately divesting an asset would have tax implications that could forestall any such sale.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000a3d5vzkbw4m7f@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cTypically, we would expect a two-year waiting period before any potential further strategic action by the SpinCo to preserve the tax-free nature of the spin although we believe there are scenarios where industry consolidation including SpinCo could happen earlier,\u201d analyst Benjamin Swinburne of Morgan Stanley wrote in a note to investors last week. (Morgan Stanley is a financial advisor to Comcast.)\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000b3d5vi7lvna3t@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Plus, \u201cSpinCo\u201d executives may well conclude that offloading MSNBC is not in the best interest of shareholders, since the channel\u2019s loyal audience is a form of leverage in negotiations with cable distributors. Executives involved with the spinoff say they intend to be predators, not prey \u2013 buying new channels, not selling off old ones bit by bit.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000c3d5vtg15yp5f@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Selling MSNBC to win favor with the president-elect is simply not the plan. I have sensed quite a bit of enthusiasm at MSNBC about \u201cSpinCo,\u201d actually, because the new structure should allow for more investment into MSNBC, CNBC and the other brands.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000e3d5v6zw5n3ah@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            That said, Musk\u2019s posts shouldn\u2019t be ignored. He famously foreshadowed his pursuit of Twitter with a tweet that asked, \u201cHow much is it?\u201d On Friday, he similarly asked of MSNBC, \u201cHow much does it cost?\u201d He was responding to Donald Trump, Jr., who posted a meme that (falsely) said MSNBC is for sale and wrote, \u201cHey @elonmusk I have the funniest idea ever!!!\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000f3d5vhh8qa90t@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Joe Rogan jumped in and said, \u201cIf you buy MSNBC I would like Rachel Maddow\u2019s job.\u201d (He misspelled her name.) \u201cI will wear the same outfit and glasses, and I will tell the same lies.\u201d The trio\u2019s fans ate it up, and Musk kept posting about the idea all weekend long, at one point promoting a homophobic meme that equated Maddow with Mark Cuban.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000g3d5vv6vr663c@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            By Sunday, Trump Jr. wrote, \u201cI think I started something here. The amount of people that want this to happen is incredible!!!!\u201d Former Florida Rep. Matt Gaetz replied, \u201cI 100 percent want this to happen.\u201d The mockery is the point, and maybe it\u2019s nothing more than that.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000i3d5vowlv0nzn@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            While Musk and his friends trade memes and crack each other up, there\u2019s a serious undercurrent here. It\u2019s known as \u201cmedia capture.\u201d This happened in Hungary when far-right prime minister Viktor Orb\u00e1n\u2019s \u201cclose allies also purchased private television and radio outlets to convert them into pro-government outlets,\u201d <a href=\"https:\/\/www.cnn.com\/2024\/11\/08\/media\/trump-authoritarian-press-media-attacks\/index.html\">CNN reported<\/a> earlier this month.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000j3d5vegsx2gfu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cMedia capture\u201d is a subset of what Protect Democracy executive director Ian Bassin calls \u201cautocratic capture,\u201d where \u201cthe government uses its power to enforce loyalty from the private sector.\u201d On a <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/inside-the-hive\/id1232383877\" target=\"_blank\" rel=\"noopener\">recent episode<\/a> of Vanity Fair\u2019s \u201cInside the Hive,\u201d Bassin said \u201cI think we are in danger of seeing that happen across the American marketplace in all sorts of sectors.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000k3d5vub7mckjb@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            G\u00e1bor Scheiring, a former member of the Hungarian parliament, <a href=\"https:\/\/www.politico.com\/news\/magazine\/2024\/11\/23\/trump-autocrat-elections-00191281\" target=\"_blank\" rel=\"noopener\">wrote in a new essay<\/a> for Politico Magazine that Orb\u00e1n \u201cconsolidated media control through centralized propaganda, market pressure and loyal billionaires.\u201d In the US, he wrote, \u201cliberal-minded billionaires should not sit idly by as they did in Hungary, watching the right take over the media.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000l3d5v0ket2im7@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Would Cuban, a key billionaire surrogate for Vice President Kamala Harris, have any interest in MSNBC? I asked him Sunday night. \u201cI don\u2019t think there is anything anyone can do to change the impact of linear TV news. So the answer is no,\u201d Cuban replied. \u201cPeople feel like MSNBC is not doing enough to rival Fox. I don\u2019t see that. What could they do differently? Manufacture conspiracy theories? Go all in on crypto?\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3x51waq000m3d5v9ypey46b@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Cuban added: \u201cI would rather promote Bluesky and hope it helps them aggregate audience, and create a network affect that gives agency to all viewpoints. I think with the addition of real time news and sports, it could give Twitter a run for its money.\u201d\n    <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnn.com\/2024\/11\/25\/media\/elon-musk-msnbc-spinoff-cable\/index.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN \u00a0\u2014\u00a0 Elon Musk has called MSNBC \u201cthe utter scum of the Earth.\u201d He has said the channel \u201cpeddles puerile propaganda.\u201d Just a few days ago he said, \u201cMSNBC is &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=130065\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-130065","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130065"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130065\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}