Tren Griffin @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Nov. 21, 2019 1 min read

What's your opportunity cost of not listening to this John Malone interview? What exactly is your second best opportunity? Be specific. 

Greg Maffei in a paired interview today talks about the value of unscripted content:  Greg's comment is meta since the interviews of him and Malone are unscripted content. CNBC fails to fully capitalize on the opportunity by not providing a transcript.

Transcript is here though:

MALONE: "who is going to be around and strong five years from now? Disney and Netflix. Disney because they have terrific content and tons of it and a great brand globally [but] their challenge is to get people’s credit cards. 

MALONE: A "distribution strategy of essentially anybody who buys anything from Apple gets a free trial for a year. Apple already has their credit card. You start with 460 million consumer relationships. And you give them something for free. And they get to use it for a year."

MALONE: "Discovery's generating ~$3B a year in leveraged-free after-tax cash. When I looked at companies based upon market cap versus leveraged-free cash flow, they were the cheapest thing on the screen."


Malone: "Video margins for US cable distributors are thin and getting thinner as more re-trans pressure/sports pricing pressure. Margins improve as you lose video customers and you become less capital intensive. Cap ex goes down and leveraged free cash flow goes up."

WT Pricing

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