>> well, i think your new owners, john malone specifically, would like to -- they want to bring it backthe center. quite what that means i guess is a conundrum, when you have the news cycle that is about a former president. >> tell us what john malone is. >> he's a libertarian, owns a lot of ranch land in america, the father of cable in many ways. he came up with broad band -- >> he's a hero of the cable business. but here's what he said to "the new york times." he said he had nothing to do with the cancellation of "reliable sources" and wants the news portion of cnn to be more centrist. but i'm not in control or directly involved. have you been reporting this out? >> i think that's a good question that people are asking, is john malone responsible for axing your show? i don't know the answer to that. people might suspect it's political. he's a libertarian who believes in not paying tax it is he can avoid it. but he said he's not directly involved -- >> he did deny it. >> but then i think he's a businessman. he's looking at where the money and audience is. and the viewership on the left

-- save for john malone, they wind up being in control of one of the largest media companies.he negative is they have a lot of depth. your sing a lot of cost-cutting strategically. the question is, this is an incredible group of assets and how much of their focuses on building for the future? there's no doubt in my mind that the future of television is going to be streamed. linear tv is dying. how does warner media, which still has a tremendous amount of cable network, broadcast cable network, how to they transform that into the future? can they do it with that much debt load? your sing a lot of investors who are skeptical of their prospects so far. emily: does the success of house of dragon -- house of the dragon bode well for the lord of the rings project and all of the money and time they spent on it? >> it's funny you bring them -- bring up lord of the rings, because it is a great example of the different strategy you are now seeing, as warner bros. /discovery versus the old management team. if any of the viewers watching this, turn on amazon's prime video, they can actual

you have brian stelter openly criticizing john malone, discovery largest shareholder, discovery now holdsnn. mama lone is highly respected, he called him a misinformed idiot and all john malone observed is something obvious to anyone who follows what cnn had become under jeff zucker, cnn former president, politically hyperbolic network, that became almost all opinion and did so under the guise of what brian stelter viewed as journalism. he comes on and lectures us how to do his job, made him a punchline in this business. brian stelter proclaimed his show was one of the highest rated on cnn on weekend, which is like being the skinniest kid at fat camp. brian stelter was beat over his nine-year reign and he's proud of this and shouldn't be. don't worry about brian stelter, this guy lost his job, no, he will be at msnbc, back 59 the "new york times" most likely, talking about brian stelter at his new home soon. what cnn has become is what brian stelter offered, which is somebody you cannot trust and quite frankly opinion under the guise of journalism. >> carley: comments from the host over t

in all this, who is john malone? powerful people in brian stelter incoming orbit. let's insult him in the open in condescending fashion and expect to keep a job where he got half the ratings of media buzz on this network. the irony here, as media reporter you are supposed to call out media bias or media activists and instead brian stelter did more to hurt the image of this industry and his network than most people you can think of. his program, his newsletter existed almost solely to obsess about fox news often in a dishonest manner. look at it as jeb zucker gets the boot and therefore brian stelter as chief hitman had no real role left at that network under this new regime run by discovery. >> todd: you think somebody's job who is media, he would read the tea leaves on the discover purchase and not call out his future boss or no longer boss, a bold strategy. is this the end of the woke leftist push at cnn? do you believe that? >> joe: well, you know, you judge people by their actions at this point and the fact that

all john malone observed was something that is readily apparent to anyone that watches cnn and what iteesy network that was almost all opinion and did so under the guise of what they deemed as journalism. brian stelter was a chief defender of this. when it came to stelter proclaiming that his show was one of the highest rated on cnn on the weekends, being the skinniest kid at that camp, fox news show media buzz beating stelter almost every week usually doubled his audience over his nine year reign as host. yet somehow he is proud of his ratings. he should not be. back to the new york times, probably. he may be gone, but it will not be for very long. his ideology hits many in media and what they want as far as media coverage is concerned. >> it will be interesting to see where he lands. always good to talk to you. thank you, joe. >> coming up on the fox report. kanye west says he has heard enough trash talk about is fashion collection. he is speaking one-on-one to set the record straight. ♪♪ when we started, we grew a quarter of an acre. now i'm taking on new projects on the regular. we

john malone has been in media a long time. stelter had a big issue with that. rters friendly to him bashing his new bosses. you can't have somebody creating that discord in your organization expect to. i am shocked they put him back on the air after they fired him. they went after malone again yesterday. after someone is fired you're not getting on my air. i'm sorry. you might say things i can't prevent. you're on the way out the door. stuart: that is one network in transition. i don't know where it is going. >> nor do i. stuart: in her final op-ed, outgoing "washington post" columnist offered advice to the media covering trump in 2024. they shouldn't shill for trump's rivals, show readers and listeners electing him again would be dangerous. that is tricky tightrope to walk. she is insisting on media bias. >> precisely that is the stelter brand ironically named show, reliable sources named often. journalists see themselves ales activists. they have to go out there to save the world from donald trump or the republican party. i don't know, report the story. if you

who is john malone?ured real journalism and not the hyperpartisan, patronizing, and quite frankly cheesy performing art we witnessed over the last seven years. there's a reason why it's a 75% of its audience since joe biden took office. ted koppel predicted this would happen. he said when trump leaves the stage the ratings would go on the toilet, and stelter lectured him on why he was wrong. that wraps up basically everything i'm trying to say here. >> steve: and one of your problems with him through the years has been the fact that, on his begin media roundup show, he avoided talking about a lot of really big stories. because it didn't fit the agenda. >> that's right. we remember when abc news had the goods on jeffrey epstein of the story got and for whatever reason stelter's show wouldn't talk about it very much. he largely focused on this network and donald trump, and then when trump left basically it was all about fox news. it's like pepsi talking about coke and horrible coke is. after a while it bec

. >> john malone is a significant holder of warner, said he expected a significant downdraft.eople expected a significant downdraft as a result of at&t shareholders saying, wait a second, what is this, we don't want -- you know, we don't want the stock any longer and so the flowback issues were significant. however, the stock is off significantly since the last quarter in which they lowered their precash -- they're ebitda estimates. as you pointed out many times, the company does have a significant debt load. >> bad balance sheet, terrible >> at some point we'll hear from david. >> speaking of bad balance sheet. >> tell me >> bad balance sheet and beyond. >> you're back to that >> i'm back to that because 13 million shares have already traded and there's only 75 million shares outstanding, and it's 9:44. i mean, come on. >> stocks coming off its lows. >> don't you think if you're the ceo, david, i ask you, wouldn't you make an appearance and say, look, i want to calm everybody down, all these stories about us not being able to get merchandise are all wrong, and i want to say t

almost as if, as cable shrinks, sports becomes bigger relative to the rest >> it's the glue, as john maloneery year, it's the blewglue that holds the bune together to some extent, the bundle being your actual cable package, the number of people connected to it gets smaller every year not for us >> no. streaming exceeded cable views this week. meta is down 2 1/2, morgan stanley cuts estimates for '23 fallen engagement, rising headwinds. they were at 280, they go to 225 as meta comes back to the 50-day after having been above it for at least a couple of weeks >> it seems as if as soon as it became something more of a value name, you had to kind of talk about cash flow, giving you the margin of safety, it has slowed down, the stock has slowed down. arguably it has given you a chance to accumulate it. it hasn't been able to escape the idea that we're in a tough moment for digital advertising, potentially. and even though we're lapping all the apple privacy stuff, it would seem kind of stuck at these levels, although, you know, still a reasonable value and almost the temperature's been turned do

changes to this network, if it means it's going to push it in the direction that we want as you know, john malonen shy about saying he wants cnn really to return to the center. >> let me ask you about that center one of the things they've argued is that they are re's going to e higher ad dollars if they're perceived to be incenter, does that make sense to you >> absolutely. you want to sell to both sides of the aisle it's not just political ads but corporate branding ads a lot of them are going to feel more comfortable being toward the center cnn is a pretty profitable network. the executives have said, according to sources to axios, that they're willing to lose a little bit of money in order to shift it to the center, because they think ultimately one day they'll make more once they get there. >> let's talk hbo. there is this prequel to "game of thrones." a lot riding on that comes out on sunday. how important is that in terms of the future of hbo, hbo max and whatever becomes this hbo max discovery plus super app >> it is a pivotal moment for the company. and the reason is "game of thrones" was

brian stelter bottom fired for openingly criticizing, discovery's largest shareholder, john malone.you try to destroy a network from in. we will see more changes no question about it, but the question is who. ashley: what did he expect to happen any way? let's move on. tennis star novak djokovic will not attend the u.s. open this week, joe. non citizens cannot enter the u.s. unless think got the jab. you have a new op-ed, it is called the tragedy of novak djokovic right? >> it is. here you have the number one tennis player in the world by far for weeks upon weeks he has been number one, something like 363 weeks consecutively, all-time record. now tennis fans won't be able to watch this great athlete in new york for the u.s. open. i just have questions, ashley. i would love to talk to marc siegel about this off the air when i get off. why was he allowed to play last year when he was unvaccinated? that is interesting, right? why is natural immunity be ignored since djokovic had covid twice. why are 23,000 spectators allowed in the arthur ash stadium without vaccine cards but novak can

i want to thank john malone who bought cnn. he's trying to clean up a little bit. think it was important to fire brian and chris cuomo. i would love to see the media in our country get the fairness doctrine act again. yesterday, joe roganen with that interview with mark zuckerberg. mark zuckerberg admitted a couple of weeks before the election in 2020, the f.b.i. more or less forced him and twitter and etc. to squash the hunter biden laptop which would have absolutely swayed the election. so i think it's important for everybody to be fair. i'm afraid we're turning into a banana republic when one party goes into another man's house, that might be his competition. everything that goes under the banana republic in this -- and that really worries me. i'm a old guy. i've had a couple of strokes. i can see our country going down with this administration. and i would love to see fairness immediately. because i think that is a major, major situation. if you look at the media that's made people multi-millionaires where they just lie about people. this is sad. host: richard