>>8523017I love cute analysis like this, where someone pulls a number and thinks they understand finance. Let me intervene for a moment as actual finance guy.
If you think someone is buying a media company in 2023 based on a multiple of EBITDA, NI, whatever you are just an idiot.
Someone would buy WWE for their perceived appeal to younger viewers, tv rights, access to historical content and synergies/economies of scale. That’s the extent of it. M&A teams have people that spend years looking at and valuing synergistic opportunities such as advertising to a certain demo or at certain events, character crossovers, you name it. The finances are a great proof of concept that running the day to day can keep the lights on, but it’s a tiny piece
Vince sees the writing on the wall. Any perceived value they have as king of 18-49 on cable needs to be capitalized on now. He’s aged out, his kids are in their 50s, and this is the time to sell. Mania in LA, maybe the Rock, Cena, Logan and other celebs, huge spectacle. Guy is smart.
