We did a calculus of all the sort of distribution modes that could possibly emerge, Tomsic said.
With sports in this country, theyre so fragmented.
So, for the true sports fan look, ESPNs a great service.
A Fox Sports broadcast of a 2023 NFL gameDavid Eulitt/Getty Images
But its a sliver of sports.
Verizon this morning announced a bundle of Netflix and Max.
Apple and Paramount have reportedly held talks about a bundle.
And its probably going to be at a similar price point, in the $65-to-$73-a-month range.
Were obviously following it.
Its main presence in streaming is through free, ad-supported platform Tubi, which the company acquired in 2020.
We have a pretty extensive technology build.
But for now, we still think the right strategy is where were at.
We narrowed down the company, and weve got a really, really focused company.
We dont need scale for scales sake.
We want to grow the company.
We look at everything.
Opportunities that help our core verticals of news and sports remain in the mix, Tomsic said.
Our M&A filter is very broad, but our bar is very high.
