Discovery Communications & the Uncertain Future of Pay-TV

July 15, 2015 Moats 11 Comments

For years, even as the Internet razed much of the profits at newspapers, magazines, books, and music labels, cable-TV networks kept making big money. More recently, as consumers shifted their viewing time from live television to various on-demand options, anxiety…

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Why Did John Malone Invest in Lions Gate?

June 2, 2015 Moats 15 Comments

Just like making movies. God help us if we think we can pick winners and losers when it comes to making movies. Even the good guys don’t know how to do that. There are certain fields, in my experience, that…

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