RE:RE:RE:RE:It's the balance sheet, st*pid!JoeBravo1 wrote: Does this kind of sum up your concerns and what BCE is and will be concentrating their efforts on?
BCE Cost Cutting Effort and Non-Core Asset Sales... Dibah420 wrote: jx7000 wrote: I agree with you about divesting non-core elements, but what are they in your opinion?
Radio stations are a start but hardly sufficient. Bell Media, which has incurred losses year after year, has a lot more to go.
Some two decades ago, "convergence" was the buzz word and acquisitions was the vogue. It was not enough to be a mere telco. We don't hear that word much these days.
Cheers
It's a start but not enough, by far. Employee lay-offs are the easiest route but you are not going to make a dent in the B/S by cancelling a few noon hour broadcasts here and there.
The days of generating explosive profits from advertising on TV are long behind us. (OK, FOX is an exception but it is unique with its meddlesome machinations into politics, and we may debate it separately).
Smart operators of media cos, newspapers, radio, TV, recognized this shift a long time ago and found gullible buyers with big egos to dump their holdings. Remember Conrad Black and the Aspers?
And yes, there are still plenty of new fangled billionaires around who are ready to throw money at unprofitable enterprises: eg Bezos & WaPost,
Dr. Soon & LA Times, Musk & Twitter and yesterday Mnuchin!!
BCE has the added benefit of part ownership in professional sports which can be bundled with the media part to seduce billionaire egos.
Trust this brief summary has answered your query, but there is a lot more buried in a behemoth such as BCE. What is clear to me is that senior management cannot count on their humongous cash flow to go on with business as usual. The tanking shares are a wakeup call.
Cheers.