TSXV:ZUM - Post Discussion
ZoomerMedia Ltd
> BCE sours on broadcast properties. What's it mean for Mo?
Post by
PitchinPennies on Jun 14, 2023 7:38am
BCE sours on broadcast properties. What's it mean for Mo?
Mirko Bibic, CEO of Canadian broadcasting behemoth BCE, now seems to be signalling that he might want out of the media business. Zoomer Media is little more than a sore pimple on the butt of BCE, but there are two ways to look at Mirko's mumbles. One would be that the Znaim might be able to acquire some cast-off properties, perhaps CTV News Channel, for mere pennies on the dollar, which would be the most Znaimer's schlepper of a company could manage. The other view might be that the media business is truly in worse shape going forward than the passenger railway business was in the 1960s. Either way, I don't see this working out for Zoomer, where vision is just a brand name. Znaim and his gang haven't had a new thought since the millennium.
He says Canadian broadcasters' revenues declined $1.8 billion since 2015.
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