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Why the Warner Bros. Discovery merger was doomed from the start
semafor.com/article/06/10/2025/why-the-warner-bros-discovery-merger-was-doomed-from-the-start
The Scene
Warner Bros. Discovery’s split is the latest proof that conglomerates are deeply out of fashion.
Glomming diverse operations together smooths out profits through business cycles. It mutualizes economic risk. But it also mutualizes scandal, tainting a corporate empire with the…
This story appeared on semafor.com, 2025-06-10 17:13:54.