RE:It's a new dayI'll have to agree. Good to get new blood in the door and old out of it...
Without having a good knowledge of what happened being closed doors, I think Donovan held the company back... And probably during the strategic review as well!
A few board members have this deranged notion that the stock is worth like 10-15$. So that made any take over offer impossible. It probably made them assume their assets is worth more than what the market can give them for it today.
I think they should still divest some of the less performing shows... If they could sell the Teletubbies for 50-100M$ and put it on the debt, then they should absolutely do it...
It would make more sense then this dilution right now.
Hopefully, the new CEO will make the right moves... Glad Donovan won't be there to block him with is unreasonable views.
bigbaddude wrote: Fine taking aggressive, smart steps to knock debt down and increase distribution. Out with Landry, out with Donovan, out with the old guard. A few more tweaks to delever and the Company is positioned for double-digit growth for years to come. Streaming wars unleash in November. Content creators win from the nuts competition. Let's see where this goes over the next 3 years.