A new report from S&P Global Ratings highlights ongoing problems in the linear TV business with a prediction that its decline in the U.S. is “irreversible” and plans by Comcast and other to spin off TV networks “face significant challenges amid secular declines and dis-synergies.”
Last year, Comcast announced plans to spin off its linear TV networks. Meanwhile, Warner Bros. Discovery is in the process of restructuring into two divisions, separating its linear networks from its studio and streaming operations to better position the company for acquisitions or potential mergers. (TV Tech)