🚨CNN HOSTS FREAKING OUT: Court Just Gave the Network to a Trump Ally… Elon May Be In! S6 E5
89m 4s
Ryan Reynolds promotes Mint Mobile’s $15/month premium wireless plan, emphasizing accessibility and ease of switching via mintmobile.com/slash/switch. SimpliSafe is highlighted as a smart home security solution with AI-powered alerts and 60% off professional monitoring. Carvana offers a frictionless, online car-selling experience with a seven-day return policy. A major development is the federal approval of Paramount’s $111 billion takeover of Warner Bros. Discovery, including CNN and CBS, signaling a dramatic shift in media ownership. The new structure, led by Trump-aligned executives and potentially Elon Musk, raises concerns about editorial independence and political bias. Critics argue Netflix is failing due to declining audience engagement, politically charged content, and resistance to new media trends. As user-generated platforms like YouTube and X democratize content creation, traditional gatekeepers are losing influence. The broader implications include a cultural shift toward conservative values in entertainment and news, with Netflix facing a potential "blockbuster" fate as the new media landscape evolves. These changes reflect a fundamental transformation in how audiences consume content, emphasizing personal control and diversity of voices over centralized, politically driven programming.
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Their worst nightmare has come true. Yes, the hosts at CNN aren't too happy about this one.
They had been hoping and hoping and praying that somehow this deal was just not going to go through.
But guess what? A federal judge just cleared it. Paramount has got a $111 billion takeover
of Warner Brothers Discovery that is indeed happening. And it's going to mean big, big,
big, big, big.
Big, big changes at CNN. CNN, hosts, producers, the entire building is like super nervous right
now. Understandably. I mean, this is going to be a big, big change for them. They're nervous about
their future. They're nervous about whether or not they're going to have a job. I mean,
yesterday they were worried about whether or not they could get on Air Force One and join the pool
camera and go to the football game, right? Now they're worried about whether or not they are
going to have jobs because there's a whole new team coming in. And that team could include,
Elon Musk. All right, just to back up for a second here. Remember how the states were trying
to block this one? You had 12 states that were suing. And basically, they were all blue states.
If you look at that list, it was Connecticut and California that kind of led the way on this.
Well, they all came out and they sued and they were like, we're going to stop this. We don't
want this to happen because they wanted Netflix, of course, to get Warner Brothers Discovery.
Warner Brothers Discovery, that's a big property. Paramount is a very big property. And the reason
this relates to CNN is because Warner Brothers Discovery owns CNN. So you're going to have a
whole new team. And how's this for the cherry on top? Actually, maybe this is front and center.
I mean, aside from Elon, the reality that you've got Trump donors, Trump allies, the Ellison family,
Larry Ellison, think Oracle, one of the wealthiest men in the world. He's a Trump backer. And his son,
David Ellison, is the guy who just did this whole deal. He had Skydance. He went out and bought
Paramount, which got him CBS. And then he decided to do Warner Brothers Discovery. So this thing just
got bigger and bigger and bigger. I am familiar with the deal and have some sources that have
told me, look, they were there early on. And there were a lot of people that thought, you know,
David's a little crazy. Like, he's never going to get this through. And they were like, gosh,
darn it. He sure did. Like, do not underestimate that guy.
Because he had a vision. And here we are today. And this vision is coming
to fruition. It is coming into reality. We have a judge allowing that Paramount deal now,
federal judge, to close. A hundred, and they're saying 10. I read $111 billion takeover of Warner
Brothers Discovery. This thing is massive. And the proud new owners are going to be
conservatives. So you can imagine, just think, out in Hollywood, right? How stressed every
body is. Because you're taking these massive properties and you're taking a news division
and you're handing the keys to the kingdom, effectively, to somebody who actually likes
Trump. Like, that's unheard of, right? They had such a monopoly. Think about the monopoly that
the left has had on entertainment and on news. They still have it on academia. But they've been
able to wield that monopoly and they've wielded it well. I mean, until one guy came along, one Donald
Trump, and he really upset the apple cart. And he's still doing it. What was this, yesterday or the
day before at the AI? Remember the AI conference that he had? And boy, boy, boy, boy, he called out
CNN again. And he agrees with everyone. I mean, we all agree. We all agree. We all agree that we
can't let China win the AI war, right? That we actually need to be successful on that front.
Otherwise, we can just kiss our lives goodbye from a national security standpoint, from an
economic security standpoint. Everything. It all matters. It also matters for the entertainment
division. Because I think you're going to see a lot of changes. A whole lot of changes. And that
includes personnel. Like, let's just be honest, right? In the very, very beginning, are we going
to see the exact same faces on CNN? The same exact people that
have been lying to us for so long? I'm not so sure we will. I'm really not so sure. Now,
they have created a board, an editorial board that's supposed to be in place for five years
once this deal closes. And that same editorial board will be looking after both CBS,
which has had its own challenges as of late, as well as CNN. And this editorial board is
supposed to be comprised of people that are not all one direction or another.
You're supposed to have some independents on there, no more than two
that are Republican, no more than two journalists that are Democrats. And this is supposed to give
some objectivity to things. This is one of the things that they agreed to in order to get this
deal through when you consider that you had 12 states doing everything they could to make sure
that it wouldn't happen. Well, the guy who is the media reporter over on CNN, he's a little
skeptical about how this has all worked. He's looked at some other deals that put in place
these editorial boards, and he doesn't have a whole lot of faith. Let me just tell him, I kind
of feel bad for him. I don't really feel that bad for him. I mean, he's a big boy. He can figure it
out. If he's any good, he'll learn how to do it on his own, I suppose. But I suspect he might be one
of the first ones that they're kind of taking a good, cold, hard look at. I'm not so sure that
they're confident that he is, how shall we say, fair, right? I think he's got sort of one bias
and one bias only. Anyway, he's very skeptical. This is Brian Stelter. I almost said Skelter. Oops.
About the editorial board. Listen. I will tell you, just between us friends here,
I'm a little bit skeptical. And the reason I'm skeptical is because we've seen this before,
for example, at the Wall Street Journal, and Rupert Murdoch bought the journal.
There was a board set up, but people say it was mostly toothless. There are also similar boards
at a couple of other institutions with media companies around the world. So maybe this one
will be effective, but the devil will be in the details, and we don't know the details yet.
Well, we know a few of them. Let me go with the headlines. Okay, let's forget the details for
just a moment. The headline, the biggest headline is you got a Trump ally, a Trump donor, a
Republican, oh my gosh, and a MAGA Republican at that, that has just bought the biggest
entertainment company out there. He has just created this massive giant of entertainment,
right? And part of that is CNN. So he's got a big, and another part is CBS. So he's got a big stake
in the news division. So that's the big stuff, okay? The devil's in the details. He doesn't know
what the details are. He's waiting on the details. But I would just say, like, let's just start with
that, okay? That's a biggie. And then the other component to this is the reality that Elon Musk
may be tapped as an investor. So this report first came out late last week, and they got to come up
with $110, $111 billion. That's a lot of money in order to float this whole thing as we get closer
to the closing date. It needed to close originally. There's actually a fine that they have to pay
starting today because it needed to close by September 30th, but they've got like five days.
So sometime next week, it will most likely close. And so in order to get the financing there,
Larry Ellison, the dad, has said, hey, I got the money. I'll guarantee you a certain amount of this,
and then you go out and find the rest. Well, that doesn't necessarily mean Larry's going to turn
over his money himself. He's going to go out and put together this equity syndicate, if you would,
with a group of investors. They're going to come forward and they're going to say, OK, we're going
to bankroll this thing to get it to the finish line. And one of the people reportedly being
looked at in that consortium of investors is actually Elon Musk. Now, Elon Musk, let's just
say he doesn't have a whole lot of use for CNN or the mainstream media. And so if you think about
this, you've got a Trump ally running the whole shebang. You've got Elon Musk possibly in the
has a viewpoint on things and I think you start looking at
problematic environment, dare I say, for some of these hosts and some of these anchors that have
been there for a long time, perhaps in some cases, for too long a time. Case in point,
one Christiane Amapour, who's already very worried because she saw what's going on with her friends
over at CBS. Didn't she used to have like a little gig on 60 Minutes where she would pop up now and
then, and she was doing some kind of symbiotic deal between CNN and CBS, just like Anderson
Cooper had as well. And then Anderson was like, oh my gosh, we have these MAGA people. I mean,
he left saying he needed to spend more time with family, but my family, the family's always like
a dead giveaway. I'm just so sick of those excuses. I got to go spend time with family.
No, the reality is he didn't want to work for Barry Weiss because Barry Weiss is, ooh, maybe
just itsy bitsy little right of center. And if you're a little itsy bitsy right of center,
then you are persona non grata in the news media industry, which is why a lot of us,
or over here, thank you for being here. Thank you for subscribing. If you haven't subscribed,
then please join us. We have a lot of fun here on this show every single day.
Anyway, going to Christiane Amapour, she's terrified that they could become,
God forbid, like CBS. They could get someone like a Barry Weiss in there who used to be
an opinion editor at the New York Times. I mean, yeah, she's really living on the edge.
She's super right, right? Opinion editor at the New York Times.
Anyway, here's Christiane.
We have also seen this movie. We have seen the Paramount, Skydance, Ellison takeover of CBS News
first, and we've seen what their view of editorial independence has meant. Essentially a wholesale
reorientation of the personnel, and as far as we can gather, the editor-in-chief's views on what
editorial independence looks like. And there's been a huge amount of criticism about the
way that this deal has transpired to be. I was actually surprised to see that this deal
also adds the editorial board function for CBS. I mean, I thought the CBS thing was kind of done
and dusted. That's a very interesting point. This is partly as a result of the state attorney's
general negotiating over the weekend. For example, in Connecticut, the attorney general,
William Tong, he says in a statement he was fighting to protect both CBS News and CNN.
He says he wanted them both to be on the same page. He said he wanted them both to be on the same page.
So many people left, so many people were, I'm out of here.
don't want anything to do with barry weiss i don't want anything to do you know she's ruining
the network this is a tiffany network we're 60 minutes and so they left and so that may be
where some of these people wind up sooner rather than later meanwhile i would ask this
did cnn pull a bbc do you remember the president sued the bbc for 10 billion that's with a b
trailers because of the way they edited his speech remember this one well i'm not going to
show you bbc i'm going to actually show you cnn because this is going viral today this has just
come up just as the federal judge clears this massive takeover of warner brothers discovery
including cnn this thing emerges and it's not a good look it appears that this little clip ran on
cnn i'm going to show you a
twitter account x account called maze found this and as i said it's going viral somebody
found the original that the president said and then they compared and contrasted it to the cnn
version which gosh darn it sounds a lot like the bbc version they're like cutting out some big
chunks of important quality stuff thereby presenting the president in an extremely
different light i think one of our great achievements will be election security because
nobody until i came along had any idea that we were going to win the election and i think that's
one of the things that's going on in our country is that nobody until i came along had any idea how
corrupt our elections were and again most people would stand there at nine o'clock in the evening
and say i want to thank you very much and they go off to some other life but i said something's
wrong here something's really wrong can't have happened nobody until i came along had any idea
how corrupt our elections were and we fight we fight like hell and if you don't fight like hell
you're not going to have a country anymore
okay those are two really really different clips right they had to get to the fight stuff as fast
as they can or could this is why he sued cbs don't forget in 60 minutes over the kamala interview
the kamala interview we don't have to watch that thing again but they i keep joking like the guy
who edited that or the gal who edited that deserved an emmy just based on editing alone
because trying to clean up kamala's word salad trust me not easy now i'll tell you like look
they don't give you so much time right when you do these interviews
on 60 minutes you get like what is it like eight minutes or something for your segment it's not a
lot of time maybe nine minutes and so you've got to condense maybe a big interview into something
that makes sense to the viewer for nine minutes well again you're we're talking about kamala here
all right like kamala is not necessarily easily made uh to sound like she understands what she's
talking about and so whoever edited that did a pretty good job but in doing so they actually
really misrepresented who she was and who she is and so i think that's a really good way to
and so the president took issue with that he sued them and and that you know he was successful i
believe in that suit and as a result you had a lot of people really really angry i think the
executive producer of 60 minutes at the time stepped down and then you had the bbc suit i
mean this is 10 billion dollars right 10 billion dollars that the president is going after bbc that
also resulted in the woman who runs bbc who interestingly used to run nbc um she she
wound up stepping down as a result of that as well and so you have a lot of heads that can
potentially roll i mean in terms of this one i don't know as he's going to go after them only
because you know his body david is now in there taking care of things and maybe that kind of helps
to smooth things over but i think it's rather striking that on the same day that we find out
about the federal judge clearing this takeover that you all of a sudden have this emerge as a
bit of a liability um they did it the film there
i believe it was at the bbc panorama they called it trump a second chance it was produced by a
company called october films and broadcast in the uk about a week before the 2024 vote and so he was
filing again because of this misrepresentation in this edit and he's had success with this stuff
before and so we shall see just another headache for for them to have to deal with right over at
cnn but this is a big deal this is a massive company we're talking about take a look at what
they're getting i mean the hair salon is going to be a big deal i mean they're going to be a big
deal they're going to be a big deal they're going to be a big deal they're going to be a big deal
franchise right he's already got mission impossible you're combining top gun star trek
with lord of the rings batman wonder woman the matrix i mean looney tunes this is amazing like
this is a massive company you know why this is important culture is important and you know you
look at the music that the kids listen to today you look at what's in film and look i i you know
me i'm i'm pretty libertarian it would not be my choice to listen to the music that the kids listen
to some of that music and i understand some people like it i don't really get it but i do think that
the role of culture is important for an entertainment company and when you start to lose your way as an
american culture you start to erode the values that make us so special and so having somebody
who has a different mindset a conservative mindset and possibly you get elon in there too at the helm
of this is actually important very very important look at the tv hits i mean you get spongebob
and paw patrol gosh my kids loved my son was like oh he still has a walking savant on spongebob like
he's memorized every single episode paw patrol my kids like that i can still hear the theme song in
my head and you get hdtv and the food network i mean this is amazing right and you're combining
that with game of thrones the sopranos friends this is a massive massive entertainment company
and you get all the cable businesses and the news businesses i mean they're going to be doing all
kinds of stuff with this this is a powerful a relevant company and i think it's going to be
a company that's going to have big impacts on culture and the media for years to come so now
we're starting to shift the dynamics so maybe you don't go and just hire all your super liberal
friends from your your fancy colleges with with woke degrees and god knows what right english
degrees maybe gosh maybe you could get an economics major in there right you know live on the wild
side i'm just saying like you've got to start to inject some new blood and this is what is going
to happen and this is an important step for a
in terms of our culture and these changes and this came up actually in some of the hearings
when they were looking at this the senate was looking at whether or not this merger was going
to go through and one thing that kept coming up over and over and over and over again was whether
or not you know netflix for example who wanted to buy warner brothers discovery really could
represent the values of america because that's an important component of all that i mean i'm
going to get to that later because we're going to talk a little bit about i don't want to talk
about the cornell thing but we're going to talk a little bit about it
and you think about the role of pop culture and and where it's led people right like basically
off a cliff for goodness sake so i think it's important that we start to get a hold on culture
again and this is such a massive development again if you're just joining us a federal judge
has just cleared paramount's 110 billion dollar takeover of warner brothers discovery this is
new media in the making i just amazing because everything is changing think about
heading okay the streaming is one example the fact that i can do this i mean this is just amazing to
me that i can do this because you know hey like i grew up in a traditional news environment where
i wrote my minute 30 script and i got you know nine or ten seconds god help you if you went 12
for my live tag on the cbs evening news and the nbc nightly news and then i'd go on occasionally
i used to do i've been everywhere abc as well world news tonight with david muir back when he
used to do the weekend and i'd be like okay you know they give you two and a half minutes to talk
about the up or down the line and i'd be like okay you know they give you two and a half minutes to talk
about the up or down tick in gdp or interest rates and i'm like two minutes and 30 seconds oh my gosh
i better you think i talk quick i learned this someplace right although everybody in network tv
talks so darn slow it's like watching molasses i can't take it anyway there's uh there's a formula
there and i've seen it and it plays to a certain crowd but you know let's be honest like the
most people don't watch that anymore
i mean my children my own children
when i told them i was going to do this youtube show they looked at me and they said mom
thank you and i'm like what do you mean they're like well this is a big deal like this we can
finally tell somebody where you are and i'm like well guys you know like i've worked for some pretty
big networks they're like no nobody knows what those are i was like seriously seriously and i
thought they were teasing me but no they were they were spot on and i was like oh my god i'm going to
be spot on serious like i'd made it i'd gotten to youtube like what was i doing hanging out at fox
or cnbc or bloomberg or any of those weird places because nobody knew what they were those are the
kids these days okay those are the kids because how do people actually get their news and
entertainment they get it from youtube okay youtube is just dominating this space it's
killing it actually i was looking at some numbers here who's on the tube that's how you like this
graphic and this is amazing so many of you actually watch this show and thank you for
watching this show uh on
playback and you watch it on your big tv and i couldn't believe when i saw my own numbers like
half of you guys are doing that and i was like wow i you know it's it's not just small screen
phones it's big tv and sure enough when i looked at the overall numbers this is actually versus
netflix youtube has a 14.2 percent share and then you look at streaming overall where are people
getting their news and information and their entertainment streaming is half that number's
just going up up up and away so if it's half today what is it tomorrow and then you're like
tomorrow what is it next week what is it 10 years from now that dominates broadcast
is still kind of heavy in that it's 19.5 percent and cable cable interestingly is only 18.7 percent
so actually streaming has basically just gobbled up the cable business and broadcast is hanging on
for dear life so this is the change that we're all living through and and we're part of and you know
you're here watching this show you're part of it together with me and so you've got new media
crouching it's really taking over if you would old media and you need to position yourself if
you're a media company today or if you're a content creator for that future i mean one of
the benefits i think to being a creator and in an environment where content is king is that content
still is king right the distribution doesn't matter anymore so i don't have to go work for fox
i don't have to go work for bloomberg or cnbc or any of these places where historically and
certainly when i started my career
that was like it like when i was younger it was like wow i want to be a network correspondent i
didn't even think about cable right because i mean as a little kid like if i was going to be on the
news i want to be on network news because cable didn't even exist i remember when mtv first came
out i was so confused i must have been in the fourth grade and i sat there watching and i
thought it was a commercial like i just didn't get it because they were singing to these videos
anyway the point being this is all happening really fast and it's happening in our lifetime
right so all of these changes as we move to the future and it's just going to keep compounding
and compounding and compounding and compounding and if you don't have a management team that
understands that and welcomes that then you're basically up a creek without a paddle but i think
the good news for cnn the good news for warner brothers discovery is you get someone like ellison
in the driver's seat and he's looking at this and saying gee how can i embrace new technology
and new media well what do you think elon musk has done right who i don't know i don't know i don't
know who else who might be an investor in this project elon musk has said hey i'm going to empower
everyday people to do their thing i'm going to empower the man on the street to go out there and
be a citizen journalist and then we wind up with gems like nick shirley right because all it takes
is a brain and a question and some curiosity and determination and a phone and you can go out there
and and gather all this tremendous information and expose things and have content i mean it's a it's
a beautiful thing in my opinion it's a beautiful thing and i think it's a beautiful thing in my
view and take that forward not just from the news perspective but take it to the entertainment world
what if we could live in a world where i said gee you know it's saturday night and some of you guys
may know this about me i'm like i will choose to watch a romantic comedy if i if i you know i i
don't like scary movies and i don't like a lot of suspense i'm like you know i i'm in the news
world we get enough suspense there with real life so if i'm gonna escape i'll watch like a nice
romantic comedy well guess what in the future i'm gonna be able to almost make my own movie
i could say hey you know i want this kind of actress and this kind of actor and i want
this kind of ending and i mean you are going to be able to do all this on demand and so hollywood's
changing and if you don't have people at the helm that understand these changes and appreciate these
changes and welcome these and embrace the technology if they fight it then hey you know who's going to
take over
china ryan reynolds here from mint mobile i don't know if you knew this but anyone can get the same
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late than ever sell your car today on carvana pickup fees may apply right think about the u.s
and how we've exported our wonderful culture and our belief in freedom and capitalism all over the
world well if we don't continue to do that china will look at the success they had with tiktok for
example right they recognize the power of being in charge of culture they can help dictate that it's
the mamdamis and the el saeeds and the rashida talibs and the ilhan omars of the world that need
to be in charge why because that works for them so there's like a political component if you would
to all of this obviously the marketing component is that you just want the best creativity and the
smartest people in the room coming up with the best ideas to entertain people for the future
but the political component or the cultural component would also be you want american culture
to dominate and so this is important on a national security level as well but it's bad news for
netflix i'll tell you who's the loser in all of this i mean besides the cnn anchors right who's the
loser netflix could be going bust that's the word on the street anyway i mean you could remember
blockbuster and remember how netflix put blockbuster out of business i mean it's like history just
pretty badly this is amazing right so they got downgraded if you would i would say that they're
in big big trouble um unless things change you know there's there's always a chance if you would
for things to change but netflix uh it could if it's not careful find itself in a situation
much like much like blockbuster years ago i mean they weren't really kidding when they coined the
phrase go woke go broke right it's happening i'm looking at netflix right now and this stock
got downgraded effectively dare i say to trash
but you know it kept giving us all that nonsense from obama right and then we had to sit through
megan and harry and oh my goodness i'll just tell you you know customers have revolted you've got
mass cancellations they keep raising prices and the company's in trouble it's in big trouble
especially with the paramount thing going through i don't see them unless they change drastically
and look i'm told by sources close to them that they are viciously competitive and that they're
trying to get this one just sail away so i i said to a source recently well then they're going to
have to get their act together because go woke go broke is real okay you just can't keep paying
obama millions and millions of dollars and expect him to to turn you some numbers like that's not
how it works in entertainment you've got to be a little bit more capitalist and a little bit more
savvy but i do think it's kind of ironic because i remember do you remember when netflix first
came out i remember how we all got i don't know if you got but i was so excited about it i was so
excited because like you could plan ahead on friday night you get your movie delivered in the
mail and you get a cd i tell my kids about this and they're like what is a cd all right we're
gonna back off a ways but you used to get your cd in the mail and oh it was so annoying having to
mail that thing back that's what really annoyed me that was the only challenge with all of it
but it took over for the the vhs tape and then my kids are really like well what do you mean the vhs
tape but i'm like yeah we used to go to blockbuster video and
we we'd like peruse the aisles you know that would be half your friday night right there right you'd
peruse the aisles and try and find a movie to watch well netflix changed the entire industry
they were the new kid on the block that totally reinvented hollywood which is what i think
paramount's gonna do i mean they created if you would binge watching how amazing is that right
and they put blockbuster out of business well now i got news for them guess what ladies and
gentlemen netflix is about to get blockbustered couldn't happen to a nicer bunch
right remember this is the crew again that did all those obama deals that put susan rice
on their board of directors and they launched a whole series of programming with trans characters
yeah they're really really into the trans thing they just couldn't get enough trans characters
including on all their children's shows and they would not stop with the non-stop virtue virtue
signaling to all of us again like i said like if entertainment is embedded with culture and if
you're trying to really create a culture that's really important to you and you're trying to
create a stable culture for the future then why are you doing all of this nonsense but that was
what they were all about it's still what they're all about so what did people do well they rejected
it right they went elsewhere we all went elsewhere and as a result you had more and more technology
growing up every in every other place and people found what they appreciated and wanted to watch
and maybe they did that on youtube and and and via other mechanisms maybe
they're watching on x this technology is changing so fast like we don't need the gatekeepers at
netflix anymore they're out there
curating our content. Hey guys, we can get it ourselves. Gosh, we can even make it ourselves,
right? I mean, think about it. YouTube lets anyone in. X lets anyone in. A kid with a cell phone can
build an audience faster than a Netflix development executive with a $20 billion checkbook. Think
about that, that democratization of entertainment and news. And yet Netflix is out there still
acting like they are so darn special. Like they got it all going on. Like they're going to curate
culture for you while the stock is getting gutted. And Wall Street has finally said the quiet part
out loud. You know what? I'm telling you, this thing is not a one time dip. This is a company
aging out. This is a company getting, wait for it, blockbuster. Okay. That's, that's,
that's what's going on.
And remember what happened to blockbuster. It went bankrupt. I mean, it went back. I've been
looking at the numbers and I mean, they're hanging out around 70 bucks. It's down like 24% this year,
41% over the last 12 months. That is not a bad week. That is the market basically taking what
they once thought was a gross stock and putting a gross stock multiple on it and dragging it down
into the tired old media stock. Uh-huh. And.
It gets worse. So take a look at this. I was reading this earlier before I came to air with
you. This is a report that came out of Wells Fargo and it's a, it's pretty substantive. It's
the equity research division, but the headline here is, um, they, they, they like to use fancy
words. That's why if you haven't subscribed to my research at 76 research, you should, because we,
we don't try and, you know, tell you anything other than the truth here. They're calling it
underweight. They want you to,
they're cutting the stock. A guy named Stephen Cahill over there at Wells Fargo, uh, the Wells
Fargo, yes, is, is not really hedging. He's, well, he is hedging because his, his language is,
is so darn polite. He's saying that the stock is underweight, which the translation is sell.
So again, in my research at 76research.com, we try to be a little bit more upfront. So if we
want you to sell a stock stock, we'll just say, you know, sell or buy. Um,
but this is underweight and he thinks that the price target is going to be 57 bucks. So this
thing is going down. He originally had a price target of 80 on it. And if you get into the nitty
gritty of it, he's basically looking at, and I quote engagement trends and engagement trends,
look worrying to us. Netflix, he said, has lacked big original series and it's showing,
we see breakout hits as a must for the stock to work again. But again,
don't forget what I just told you. I mean, how the heck are they going to get a break breakout hit
when they, they got a whole bunch of libs that all think the same. They can't figure out which
end is up. They can't figure out a hit to save themselves right now. I mean, I'm sorry. They're
just not very talented, but they make a lot of money and they have big checkbooks. So how long
does that last in this new media environment? He also says that members of Netflix, they watch
1.6 hours a day, or they did for the first half of 2026.
Which is 8% less than 2023. When you adjust for the password crack down, he expects viewing on
the top 100 originals to drop 21% in the back half of the year. Wow. Okay. And US TV share slipped
under 8%. If you read between the lines here, he doesn't think it's growing in the US anymore at
all. Like the only hope is that it's going to grow in Europe and that's Wells Fargo. And there
are more reports. I mean, HSBC,
was out there with another one. They took it down from buy to hold another fancy way to say,
get rid of this dog, get the heck out of this dog as fast as you can. Right? They're too polite,
but who are they concerned about? They're concerned about YouTube naturally, because as I told you,
YouTube is where it's at. This is the biggest share of television time.
And Netflix is now down to 7.8% with YouTube at 14.2. So they are eating Netflix's
lunch. They're eating, well, actually the whole living room. They're like gobbling it up, right?
You put on your television, what are you watching? It's not Netflix. You know, again, anecdotally,
I can tell you, I get so many of you that are watching the show on the big screen,
on the television screen. You know, I'd be on Netflix too, if I could. But apparently you have
to have a fancy schmancy Hollywood agent. I can tell you, I'm done with broadcast news agents.
I've had plenty of them through my career. I had one good one who unfortunately died,
and once he was gone, I was still at Fox at the time. I was like, you know what? He was the only
decent one out there. I'm not getting an agent again. So I'm a thousand percent independent.
And you know, you want to do a deal with me. I have people that help me, but I won't use an agent.
Absolutely not. But at Netflix, you have to have one of those highly connected, powerful agents
that go to lunch, Tom, Dick and Harry or whoever's over there in order to be on their network. So
think about that too. I mean, I'm on Spotify every day. I'm actually one of the top 50 news shows on
Spotify. So follow me there. I'll make sure to put that in the, in the links. I'll put that in the,
in the show notes. I don't think I did, but I'll make sure when I get off air, I do that.
And I'm on, on Apple audio with podcasts. So I'm just saying the bottom line here is
like Netflix is saying, no, no, no, no, no, no, no. We are the gatekeeper and no one can come in.
And it's like, guys, nobody wants in. Okay. Like we can go everywhere else. So you're going to have
to fix that. If you want to keep up with the times, the net,
Netflix model is broken. And that's the part Hollywood still does not want to admit. I mean,
heck, they were just getting used to it, right? They just got used to Netflix being out there
and they just realized, okay, blockbuster films are not where it's at anymore. We're going to have
to come up with some new creative way to, to deliver content. All of a sudden they figured
out that people would binge on these really good shows. The problem is keyword really good,
or let's just go with good. Okay. Cause they
don't have any good shows. And so I don't know what to tell them. I mean, you can't bundle taste
anymore. Netflix is entire pitches. You pay us and we will decide what's good. It only works
when the alternative is blockbuster and three broadcast networks. I'm sorry. The alternative
is infinite. You get sports on YouTube. You get comedy on X. You get a Korean drama that didn't
need a Los Gatos Silicon Valley notes meeting to actually come into creation. A creator who
doesn't have a VP of inclusion strategy. Netflix hasn't
figured that out yet. And that's why wall street is saying, so let's get out of this.
You got bloated Hollywood entertainment egos that at least for today can still write a big check,
but not for long, not for long, not for long. Okay. The executives have proven they have no
discipline. They're spending $20 billion a year on content that nobody wants to watch.
So now they're turning to this free thing and they're putting like woke podcasts in
and games and reality shows, and they're trying to compete with YouTube.
But here's the problem. YouTube is free. Spotify is free too. Netflix wants you to pay. So if you're
just getting everything you'd get on Netflix or forgive me on YouTube, why would you pay for
Netflix? You wouldn't, you just wouldn't, you know, you pay for a service that you actually
need and that you actually want. And right now you don't need or want it. And they've made
themselves like a political hot rod. I mean, like they are just like,
too, too, too political with their woke garbage. I want to show you, let's go back to some of those
hearings in February. This is testimony before Congress and the Senate hearings. And, uh, oh boy,
it would fail pushing a political view or propaganda. We, we deliver entertainment
to consumers. Our consumers see our business pretty much the way they see the America.
Okay. That is Ted Sarandos. He is the CEO and I'm just going to tell him, sorry,
guys, you, you, you're not that entertaining. It's just not that entertaining because your
entire agenda is totally political. That political agenda is so very apparent and become a, a part of
the rot. If you would at Netflix, not every title, but a lot of titles, right? And every time they
publish something with their never ending woke nonsense agenda, well, you know what you're
telling the audience or at least half the country. So half your audience, this product,
is not for you. I mean, you had the Bridgerton rewriting of the Georgian court as a diversity
seminar and you get the kids shows with the trans storylines like paranormal park and babysitters
club transformers, earth spark explaining non-binary to seven-year-olds. Are you kidding me?
Are you kidding me? And then cuties, which they're never going to live down. I mean, that was like
the French Netflix team that brought the world a whole lot of really inappropriate camera shots of
young girls.
Which led to a viral cancel Netflix campaign. And then you had the gone with the wind page
that lectured us about racism and told us to go to black lives matter, black lives matter,
who by the way, wants to destroy the nuclear fun family and defund the police and install
reparations for everyone. Yeah, that's really not going to fly. Just not going to fly. I'm sorry,
guys. So in February, like Republican senators are out there and they're asking these questions
to Ted Sarandos.
as I said, the co-CEO, and well, let's just say under oath,
good because Senator Josh Hawley asked, why is so much of your content, your kids' content out
there pushing a transgender ideology? Almost half of your content for, I'm talking about minor
children now, I'm not talking about teenagers. Minor children promote a transgender ideology
agenda. I was just looking at the data here from your various series. If you turn on Netflix,
you'll find that an enormous amount, and I say this as a parent with three young children,
an enormous amount of your children's programming has this ideology and agenda in it. Is this an
advocacy position for Netflix? Is this an ideological commitment you have? I mean, why is
this? Senator Hawley, Netflix has no political agenda of any kind. I would tell you that-
Well, then why is your children's program so full of this highly sexualized, highly controversial,
highly controversial?
agenda. I don't understand it. It seems strange to me.
Respectfully, sir, it's because it's inaccurate. We have millions of hours of children's programming.
You're saying it's not there. You don't have trans, you don't feature trans characters,
trans storylines, trans themes. It's not in your programming.
I'm saying we feature a wide variety of stories and programs to meet a wide variety of people's
tastes.
Why does almost half of it, why does almost half of your children's program feature this highly
controversial, highly sexualized material?
Well, that just seems strange to me. It can't possibly be a reflection of the population.
Senator Hawley, I don't have any idea where that number would come from or what that would
be. I don't believe that's been your personal experience, but I can't speak to that.
Well, what do you mean you don't think it's been my personal experience? You don't think
that I monitor what my children watch? Here's what I tell you what my personal experience
is since you bring it up. My personal experience is that my three children, I can't let them
watch anything they want on Netflix. I can't let them watch anything on Netflix unless
I preview it.
Wow.
So, you know, this guy just got raked over the coals. I mean, it went from bad to worse.
And I'm telling you, like, this company, they've got to figure it out. Like, Teddy Boy, you
better, like, I don't know what to tell you. You better, like, rethink your entire business
model because Wall Street's right. You are now officially an old media company. Paramount's
coming in. They're going to eat your lunch. YouTube is eating your lunch, and they're
going to keep doing it, for goodness sakes.
I'm just blown away.
I'm just blown away. Here's Schmidt. Oh, let's go to Representative Schmidt. I want
to show you this because he really, I mean, he just destroyed them. He just destroyed
the CEO.
On June 20th, 2020, on its X page, Netflix posted a video titled, quote, To My White
Friends, Guilt, Shame, Embarrassment, end quote, and saying, quote, We need to do everything
in our power to amplify that message. Do you stand by that statement?
I have no recall of that statement at all.
Okay, I just read it to you. Do you have an opinion?
I don't have any idea what context it's in or anything.
Okay, in the wake of the George Floyd riots, on June 20th, Netflix posted on its page, To
My White Friends, Guilt, Shame, Embarrassment. What does that mean?
I think that is an uncharacteristic post that I deeply regret if that got posted that way.
Okay, well, it did. Netflix also said on May 30th, To Be Silent is to be complicit. I don't,
okay, I'm just reading you some things that Netflix said.
Okay, well, it did. I don't,
said,
said,
at that time. So you don't stand by that statement then? As I said, sir, we have no political agenda.
Posting something like that would be quite political. Right. I would agree.
Yes. And I would say, well, I hope that wouldn't happen again.
Oh, my gosh. Oh, and yet it did, right? Like all kinds of things kept on happening. And, you know,
this guy, I'm sorry. I just, I don't know what to say because I think that they knew exactly what
they were doing. And they were trying to curry favor with the administration while simultaneously
curry favor with all the people they loved because this was their viewpoint and this is what they
believed in. And so, you know, you go to Ted Cruz. I mean, this is, you know, Ted Cruz isn't putting
up with any of this nonsense. And he brings up Billie Eilish as one example. Are we right now
on stolen land? I have no idea of the history.
So that speaks volumes that neither of you are willing to say, hell no, we're not on stolen land.
And I will say at the Grammys, when you see an entertainer say, nobody is illegal while we're
on stolen land, and then you see entertainers leap to their feet clapping so excitedly at the
notion that America is fundamentally illegitimate, it starts to convey that the entertainment world
is deeply corrupt. And I will point out that same singer who says,
nobody is illegal on stolen land, promptly went back to her $14 million mansion. And somehow
that stolen land she wasn't concerned about, just the United States of America.
Look, Netflix has long been a left-wing company.
Yep.
Your founder, Reed Hastings, is one of the biggest Democrat donors in the country.
Yep.
Including giving millions recently to the massive gerrymandering,
in California, making it one of the most gerrymandered states in the union,
because your founder desperately wants a Democrat House of Representatives.
Susan Rice from the Obama White House is on your board of directors.
Yep.
You guys gave $50 million to the Obamas, as far as I can tell, to produce no discernible content
whatsoever. How would you tell a Texan sitting at home to feel comfortable? CNN is already a
dumpster fire. There's nothing resembling objectivity. There's nothing resembling,
resembling journalism anymore. How are people at home to, how should they feel even remotely
confident that if this merger happens, the combined entity would not simply be a propaganda
outlet pushing one particular political view with much greater market power than you have now?
Well, sir, we would fail. We would fail pushing a political view or propaganda. We deliver
entertainment to consumers.
Our consumers see our
business pretty much the way they see America. About 40% conservative, about 40% liberal,
about 20% don't know. But when they turn on TV, they're tuned in to be entertained. And if we
fail to entertain them by trying to promote propaganda or something, anything other than
entertainment, we fail. Well, you're failing. Don't know what else to tell you guys. You are
definitely failing, which might be because you actually are not providing entertainment,
but you are providing political messaging. Remember Susan Rice? I'm not going to bore you
with this soundbite, but I played it the other day for you. She's on the board, and she's Obama's
former national security advisor, and she's on the Netflix board. I guess she helped sign off on that
$50 million pay package for the Obamas. Well, right in the middle of this 83, well, actually,
forgive me, $110 billion Warner Brothers discovery merger, she was out there. I'm sorry. You wanted
to get that thing through. You really didn't want her on.
The board. And you really didn't want her basically saying what she did. She came out
and she threatened any company that does anything that Trump wants. If you, quote, take a knee to
Trump, you should be ready for subpoenas because she's coming for you when she and her team are
back in charge. I mean, that kind of vicious partisan. Hey, Ryan Reynolds here from Mint Mobile.
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licenses for alarm license information. You're listening to a quick ad. You know what else is
quick? Selling your car on Carvana. Just put in your vehicle information and we'll give you an
offer. Done. No hassle. You don't have to worry about it. You
hustle, no negotiation, no guy from an online listing low-balling you. Which means by the time
I'm done explaining this, you could have basically done it. Still haven't started? Hey, better late
than never. Sell your car today on Carvana. Pickup fees may apply. Very directed threats, like that's
not good, right? And you can't have an entertainment. They were trying to get Warner Brothers
Discovery. And I think that that probably hurt them quite badly. Because if I'm a shareholder,
right, I don't want my company going with the deal that might not go through. I want the sure thing.
And by the way, David Ellison was also offering more money. So I was going to get more per share
if I went with Ellison and I had a better shot of getting that deal through. And I'm just going to
tell you this, it is the better move for the company, for sure. Because you're going to actually have a
that isn't obsessed with constantly lecturing us about wokeism. I'm telling you, things
are changing. They're changing at CNN. They're changing at all of these companies. Netflix,
bye-bye, okay? You either change and get with the program or you are gonna fall because you're out
there curating your sermons while David Ellison is buying Hollywood, okay? He beat you, and he
beat you big time. $110 billion later, the whole company, Warner Studio, HBO, HBO Max, CNN,
Cable Stack, Netflix's bid was, oh, well, you know, we're the nice ones to have. We're gonna
help promote wokeism. We're in the club. Hollywood likes us. No, no, no. It's about capitalism. It's
about success. What is gonna move the needle forward? And so this week, well, sometime in the
future, he's gonna have studios. He's gonna have big-time prestige TV. He's gonna have news
divisions, including CNN. He's got a streaming bundle that isn't just an app with a lecture
attached. He's got a massive entity, Trump World Access, Barry Weiss at CBS, a company that at
least pretends the audience is actually the whole country, not a development Slack channel for a
TV show that can't, with $20 billion, pick the right show. This is going to be amazing. It is going to
be different, and it's gonna be great. And hopefully, we can get back to some normalcy. We can get back
to good TV, and we can embrace simultaneously the technology that's gonna make entertainment new and
exciting and different, just as it has in news, right? Just as we have the citizen journalists out there
doing everything. We don't have to wait around for whatever's published from the Los Gatos, you know,
Silicon Valley meeting that day. We are getting real content from real creators with an open
platform so that everyone can get in. I love it. Like, I just love it. And you know what else I
love? Okay, so long as we're on the subject of what Trish loves today, I love that the blue wave is
now in jeopardy, because the blue wave is looking more like a little ripple, if that, all right? Big
story out of New Hampshire.
Last night, you know me, live free or die in New Hampshire. I got a kick out of this one. This is Chris Pappas, and he
may not win. He's running for Senate. Chris Pappas is from Manchester, New Hampshire. Some people like to call it
ManchVegas. It's the big city, okay, in New Hampshire. Manchester is where he was born and raised, and his family
owns a very nice little restaurant there called The Back Room. And if you've ever been to New Hampshire, if you
ever go to New Hampshire, I know he's a Democrat, but you got to go check out The Back Room, because they have the best chicken
fingers you've ever had in your life. Like, honestly, I have never had. I can rate chicken fingers, because my kids, you
know, every time we go to eat, they always order chicken fingers. Like, all over the world, we have more chicken
fingers. And I got to tell you, even they would agree. The Back Room's chicken fingers, this is Chris Pappas, they are the
best, okay? But that's basically what he's good at. The restaurant business, he has gotten into politics, and
apparently, he may not win. You see, because he's up against a really formidable competitor, one John Sununu. And
Sununu comes from the legacy Sununu family. Don't forget, his dad was part of the Reagan
administration, and he has held various positions in New Hampshire politics, as has his brother.
And so you're talking about a formidable opponent. Now, the tricky thing is, is New Hampshire's gotten
kind of, how do we say, purple in recent years. We've got all those people moving up from
Massachusetts, so that's having an effect on things. But I will tell you this, the article that I read last night, in
AP, okay, I'm going to get to this blue wave at risk, but I think New Hampshire is a good microcosm of what's going on. They're
putting it at New Hampshire being exhibit A for what may not happen. You may not get this blue wave, because, you know, if
New Hampshire is a tell here, then it points to the Democrats not really having the upper hand. Democrats, the article
writes, point to Republicans' overwhelming financial advantage, woohoo, that is allowing them to dominate the airwaves in the
airwaves. I don't know how much of an advantage that really is. Don't forget that Donald Trump didn't have anywhere near the advertising budget in 2016 of Hillary Clinton. And don't forget, Kamala Harris had won a heck of an advertising budget, right? What good did that do her? So, you know, they're saying, you know, they don't have enough money, and they're saying, give us more, give us more, give us more. Don't be too optimistic. We may not win New Hampshire. But I would say, you know, it's worth focusing on, but big picture, overall, this is very interesting to me.
I think the blue wave is getting, you know, smaller and smaller and smaller. So, Rasmussen, which is a pretty good polling outfit, they have the Democrats leading the House, anyway, up by eight points, and that was basically September 10th, and then September 17th. I actually haven't seen the most recent numbers, if they've done them, but that lead was diminished to just up five. And, you know, anything can happen in polls. Anything, anything, anything, anything can happen in polls. I want to emphasize that.
Now, you look at New Hampshire. Why could the Democrat, with the most fantastic chicken fingers from Manchester, New Hampshire's back room, why could he maybe lose to Sununu? And I think part of that is because in live-free-or-die country, they're not so keen on communism, or socialism, for that matter, okay? So, there's this thinking now, when you look at the most recent poll from the New York Times-Siena survey,
out, it was done, actually, it was out recently, but it was done September 8th through September 13th, they found that the Democrats were moving too far to the left. Nearly half the country thinks the Democrats are moving too far to the left. So, that's that concern, if you would, about communism and socialism and what we're seeing with all these radical candidates, and that is going to come back, I think, to haunt them. Let's go to Harry Enten over on CNN. He's like, he's going to keep his job at CNN. He's going to keep his job at CNN. He's pretty good. I like him.
And no matter what he's giving you for information, he tries to present both sides always, and he's got so much enthusiasm with the way he does it. So, let's take a look at what he's looking at today.
Okay, Midwest polling misses. GOP outperformed September polls by, in the major 2024 races, that is, President and Senate in the states that had a Senate race. In Iowa, where the Democrats have been getting really good polls, Republicans outperformed their September polls by nine points back in 2024. How about Ohio? Six points. How about Michigan? Five points. And I will note that the leads that the Democrats
have in all of these races right now are under how much the GOP outperformed back in 2024. So, you look at this and you go, you know what? Maybe we should just hold on a second here, because we've seen this dance before, and it was not a dance that Democrats like when the votes were actually cast and counted.
Okay, but a skeptic could look at this and say, Harry, this is 2024. Donald Trump was on the ballot then. What about races where the president's not on the ballot?
But what about a midterm election? You can go back to Donald Trump's first midterm election, and it's the same exact story. Look at this. The GOP outperformed September polls in the major 2018 statewide races by six points in Iowa, six points in Ohio, and eight points in Michigan. The bottom line is this. Over the last few cycles, whether it be 2018, 2016, 2020, 2024, Republicans have outperformed their September polls by at least five points in all these three states where Democrats have been getting good polls.
Democrats right now are ahead, but not by a wide enough margin, whereby if Republicans outperformed their September polls again, it could become very, very interesting.
Okay, now overlay this.
And when you look at some of the MAGA voting patterns, I mean, this is a group that's very loyal. And I think even though they've been frustrated by energy prices, which actually are beginning to soften a little bit, I don't know if it's going to be in time for November 3rd, but they are starting to soften, and that's something that the Democrats hadn't necessarily counted.
And I think even though they've been frustrated by energy prices, I don't know if it's going to be in time for November 3rd, but they are starting to soften a little bit, I don't know if it's going to be in time for November 3rd, but they are starting to soften a little bit, and that's something that the Democrats hadn't necessarily counted on.
And I think even though they've been frustrated by energy prices, I don't know if it's going to be in time for November 3rd, but they are starting to soften a little bit, I don't know if it's going to be in time for November 3rd,
This is a new kind of economy, and so we
to compensate for that. And unfortunately, when you raise rates, you saw that mortgage rates went
up again today, the highest they've been in years. When you raise rates like that, it penalizes the
average person. It's not going to slow down AI spending because we're in kind of an AI war right
now. It is a race to the top. So it's not going to actually back off any of that investment. You're
just going to wind up hurting the very people that make up this great country. And so it's the middle
class that pays the price for all of that. So that's one of the big concerns. We actually have
a terrific note out today on oil and Iran and the soon-to-be very significant real challenges of Iran
as it just collapses economically with the reality that they have no more energy to sell. They have
no more oil to sell. I mean, they got oil. They got oil. They don't know what to do with all their oil.
It's just flowing over, right, because they can't sell it because of the blockade. So I encourage
you to get that note. This is my other company, 76.
Research.com. Take a look at those model portfolios while you're there. Eight to 10
stocks in each one of those. So go to 76research.com and sign up for that if you would
today. You know, I was talking a lot about culture and about Netflix and about YouTube and Paramount
and how we kind of need to get back to some level of respectability and decency. I'm all for the
technology, embracing that, but yet simultaneously having, you know, the ability to sort of
rise up with the good that's out there, right? And there's a lot of good in society. There's a
lot of good in America. But I got to say, right now, I'm starting to think, you know, we live in
a pretty messed up world, a really messed up world, so messed up that, you know, people think
they can reinvent reality and they can twist fiction and get on TV and dare the rest of you
to keep up. I mean, just the fact that I'm actually agreeing with something that Sunny Houston said
on The View makes this world a sort of upside down place enough. But consider what's going on
with Lindsay Clancy's lawyer. You are not going to believe this one. Lindsay Clancy, you know,
the Massachusetts mother who killed her three kids in January 23, and then, you know, the whole
story with the inability to reach any kind of resolution because you had a lone juror there
when she went to trial. You know,
her lawyer, for six weeks, got up in front of the courtroom and did not dispute that she killed the
children. And that wasn't a fight. The fight was actually whether she was criminally responsible
for killing them because she is alleged to have had postpartum psychosis. So she did it. He told
the jury. But she was not in her right mind when she did it. The jury deadlocked 11 to 1
towards finding her not criminally responsible.
And the judge declared a mistrial on September 4th. Then this week, her lawyer, Reddington,
he walks back into the same courtroom and in front of the same exact judge.
He asked where the evidence was that she had ever done this at all. And I'm sitting here going,
are you kidding me? I mean, talking about being gaslit. My gosh, here's Reddington.
So I asked the court to harken back to the evidence that was presented and ask yourself,
where's the evidence that she did this? Where is the evidence that she did this?
We're debating that now? Like, seriously? I mean, you told NBC three weeks ago that Lindsay
rejects the internet theories blaming her ex-husband, Patrick, and that the person that
committed those atrocious acts did it because of postpartum psychosis and the medication she was
on. And now you're trying to say, well, I don't know. I don't know. I don't know. I don't know.
Prove that she did. I mean, I can't believe this. And I also can't believe that Sonny and I agree on
anything. But credit to her for this one, because she's calling it out as well. This is the woman on
The View who actually is talking some sense. And you know what? Credit where credit is due.
I don't understand how you can spend an entire trial arguing that she did it,
but she is not criminally responsible because she was suffering from a psychotic episode in
psychosis and then turn around in front of the very same judge and say there's no evidence that
she did it. I'm not convinced he's not on TikTok. I think that is a terrible. Yeah. No, that defense lawyer regurgitated pretty much every talking point that was like,
that the TikTok case. Lighten it up on the top. It feels very conspiracy theory and not grounded
in the law. And I don't love this new position. But you have to be crazy, let's face it,
to kill your children. You have to be mentally ill to do that. Well, that was her defense.
Okay. From psychosis. For what it's worth, if I did it,
I would want to be locked up the rest of the time. I would be like, take me now.
I mean, really, right? Why would you be protesting that? Look, Sonny's right. Sonny's right. And I
don't say that very often. I usually think she's like way out in left field. But let me tell you,
you know, legally in Massachusetts, lack of criminal responsibility is an affirmative defense.
And it assumes that the state has already proved you did the act. And the question for the jury is
because of a mental disease or defect or psychosis, you could not appreciate that what you were doing
was wrong or could not conform your conduct, I guess, to the law. And so, you know, I just
say you don't spend six weeks conceding the act, trying the case on mental health, and then alter
everything because you don't get the verdict you want and go back and tell the exact same judge
that the act was never proven. And so therefore, you know, you're going to throw all that out. Are
living in a nutty, insane world. And it's like, if you get on TV, and you tell this story,
then suddenly, you got a whole bunch of people believing a bunch of BS. And so that's just
bonkers to me, absolutely bonkers. And Sonny calling it out, you know, is, is important. She
pointed out, it's not grounded in the law. And that's exactly the problem. There's no law to
govern any of this. And hey, you know, this is an amazing day. And we live in a kind of terrible
world.
I gotta say, but it's a crazy world when I don't just agree with Sonny once, but I agree with her
twice, okay, in one week. And this is on the Jane Doe Cornell case, that unbelievable. I mean,
look, I gotta say, first of all, I did not want to go near this story. I really just find the
whole thing positively, absolutely, utterly disgusting. Utterly, like, I, I,
I've actually, like, my whole sort of faith in humanity has come into question. I can't even
say what went on. But just suffice it to say, there's plenty of details out there. And this is
an extreme example of just horrendous, disgusting behavior. And I just can't believe that this
actually goes on. And what is concerning, though, is not just well, what's concerning is what went
on. Okay, let's just start with that. Like,
all right, but you've also got this woman, Jane Doe, who's telling one story in 2024,
where she's embracing everything, and, and indicates that she voluntarily drank,
she voluntarily took drugs, she voluntarily got into a threesome, and then some. And now,
in 2026, she's telling a completely different story. And I just don't know how you can legally
reconcile those things. I mean, obviously, morally, it is awful.
But legally speaking, because this is the law, right? And they're bringing a case forward
against everyone. She's suing everyone. But these, these guys who clearly are not
playing with a full deck and, you know, pretty awful themselves. But, you know,
in the sorority, everybody's getting sued. The school, I don't know how she gets away with this.
I'm going to point out something else, which is really interesting about New York law. So in New
York, you know, if you choose to ingest drugs.
Done. No hassle,
no negotiation, no guy from an online listing lowballing you.
and then you choose to do that awful stuff,
then you can't turn around two years later and claim it was rape
because you voluntarily ingested that alcohol,
you voluntarily ingested the drugs,
and you voluntarily went and did these things.
It doesn't excuse the guy's behavior, obviously.
They are complete schmucks and disgusting people.
I'm just horrified.
I'm horrified that anyone would do this,
that young men would engage in it,
that she would do this, that they would do that,
and that somehow no one, none of those guys,
and there's seven of them, right, thought for two seconds,
gee, you know, maybe this is pretty depraved.
This is maybe not a good idea.
And Sonny is out there on the view,
and of course everybody wants to attack her
because everybody takes a side of the woman no matter what, right?
The woman is the victim.
She's the victim.
She's the victim.
And so Sonny comes out, and she says, look,
and she was a prosecutor, and she understands New York law.
If you voluntarily ingest the alcohol and the drugs,
you generally cannot come back
and say that intoxication wiped out your consent.
You can't do it under New York law.
Now, some states are different, and they say, hey, you know,
the guy actually has to be aware of whether or not she's drunk or not
because if she's drunk, then she can't actually technically consent,
but not in New York.
Voluntary intoxication, which is what it's known as,
that's the loophole,
and lawmakers have been trying to close it for years,
but it's the way it is.
A lot of states, as I said, they're not like that.
They say you're too drunk to consent, so therefore that's that.
Well, New York says, you know, if you choose to ingest that stuff,
you're on your own, which if you think about it, guys,
if you think about it, that's kind of the whole argument here.
You are on your own.
It's called individual responsibility.
Let's listen to Sonny.
The pictures of these young men who have not been charged,
not been adjudicated, are being plastered all
over the Internet.
I think people are reporting this story inaccurately.
I think they're reporting it unfairly.
And while this is something that we have to take very seriously,
there is no way, according to her statement in 2024,
that any prosecutor would have brought forth a case.
Yeah, but she was intoxicated.
How did she. Under New York law, again, under New York law,
voluntary intoxication, if you voluntarily drink 10 beers
and you voluntarily ingest ketamine,
but that intoxication. That doesn't have anything to do with the fact
that the guys attacked her, whether she's drunk or not.
No, no.
According to her statement, she says she. They did not attack her.
Her statement in 2024, she. My issue is with this New York law, though.
She consented to the sexual activity.
She consented to it according to her own statement in 2024.
Now, I prosecuted sex crimes for 10 years.
I believe women.
I am not saying that we shouldn't believe her,
but in 2024,
she said one thing,
and now in 2026, she's saying another thing.
I wonder why she would. Okay, so it's really hard to sit here
and defend the indefensible, right?
Like, and you can't.
But I'll tell you, I spent weeks on the ground
as a correspondent years ago when I was at CBS
and I covered the Duke Lacrosse case.
I was down there for about six weeks.
And I got to say, that was a far easier story
because instinctively, I was really troubled
by that woman's. I was really troubled by that woman's account from day one.
And I just kind of had this feeling,
call it a sixth sense, right,
that the evidence was not going to come out
against those boys.
I had this feeling that they were innocent.
Again, I just, like a premonition.
And then everything that I learned,
it was like bit by bit by bit,
like the story just didn't add up.
And yet they were hung out to dry by a press
that wanted a story about a poor black woman
and these privileged white kids,
these lacrosse players, you know,
from fancy schmancy towns.
And so they ran with that.
And I had a lot of sympathy for the boys.
And I thought, gee, you know, this is awful
because they were so wrongly smeared.
This story is not that, right?
This is not that.
From what I can tell,
these guys are just complete schmucks
and they have not denied the behavior.
So I'm left with this.
They're creeps.
She's a creep.
They're all creeps.
And maybe the upshot is that some of them,
you know, do they belong in jail?
I guess not because it's not technically a crime
if she had consented as she said she did
in 2014.
But it's awful, right?
It's just awful.
So I can jokingly say, yeah, they all belong in jail,
but they're just a bunch of degenerates, right?
So you go back to the law itself.
I mean, the Tompkins County District Attorney,
everybody's mad at him, right?
Because he didn't bring the case back in 24.
But you look at her sworn statement,
for goodness sakes, what is he supposed to do?
She alleged that she was, you know, fine with it.
Like that she was willing.
So I don't know.
I don't understand, like, how you come back two years later
and you say, we are going to prosecute this,
and not to mention the whole consent thing
in terms of the alcohol.
I mean, morally, it's reprehensible.
And I don't understand it.
We don't understand it.
And then I think about how we were talking earlier
about the change and the shift in pop culture
that's about to come.
And I think about all this rap music,
which celebrates this kind of degradation.
Of human beings.
And young women are encouraged, perhaps,
by this same crowd that promotes and produces
and nurtures this awful rap music
and this just side of, you know, a degenerate culture.
And that same crowd is now calling these guys monsters.
So on the one hand, the woman is encouraged
to engage in this aggressive, destructive behavior.
And then that same crowd is now calling these guys monsters.
And then that same crowd that encouraged her to do that
is turning around and saying,
it's the guy's fault.
And I'm just going to say,
like, if you're going to empower women, right,
empower them from start to finish.
You know, you are responsible for your actions.
You're responsible for your decisions.
You cannot look to the sorority or the fraternity
or the guy that you're hooking up with that night
to protect you.
You've got to protect yourself.
And so we've got to teach our kids this.
You've got to protect yourself
because, you know, there's some real depravity out there.
And I'm looking at it and I'm saying,
how is it that seven boys did not understand
how depraved and disgusting and awful
and inhumane this really was?
Did they not understand the risk to their health?
Did they not understand the risk to their lives, right?
They have ruined their lives.
These text messages would make you throw up.
So people are shaken by it.
You know, we're all shaken by it.
You expect this from a ditty.
And you're horrified when you learn about it
from the Epstein stuff.
And then you find out that it's going on with kids.
This depraved behavior happening with a bunch of college kids,
American college kids at a really good school.
I mean, I'm sorry.
That brings us to colleges as well.
Like, what are the colleges doing?
You get all these kids that are being piled with alcohol
and you know it's going to end badly, right?
Maybe you need to be more strict.
Maybe you need to spot check the fraternities
and just bust them.
I'd be sending someone around to each one of those.
Same with the sororities.
Maybe we need to get rid of Greek life.
I know people are going to be mad at me, right?
And you know me, I'm kind of libertarian.
But heck, these kids are young.
Young.
They're really, really young.
And they're fed these horrible lyrics.
And there's a part of our culture
that's just a complete underground of disgustingness.
And you look at what Madonna was doing on stage
the other night, right?
That is what everybody's emulating.
I mean, come on.
And then stuff like this happens.
And then there's lawyers.
And the next thing you know, everybody's life is ruined.
Something is fundamentally wrong.
And we've built a culture in which the woman is always the victim.
Lindsay Clancy, who will not take responsibility for what she did.
To the point that her lawyer is now trying to say it was not even her.
I mean, come on, right?
And now Jane Doe, who said one thing two years ago
and something else entirely now.
I'm just saying, it's a bad world out there.
Which is why you need to recognize
the importance of the individual
and the need for everybody to look out for themselves.
Do not depend on the state.
Do not depend on Kamala Harris or Mamdami
or any of these people to be taking care of you.
Do not depend on the sorority or the current boyfriend.
You take care of you.
It's part of being a responsible member of society.
And the left, especially when it comes to women,
I mean, they seem to want it both ways.
Right?
They want women to engage in all this stuff
and then they're always the victim.
I just don't think you can have it both ways.
I think true feminism should actually embrace
the reality that women are responsible
and should be responsible for themselves.
It should teach them, hey, maybe it's not a good idea
to go to the frat with a guy that you're seeing
that wants to do a threesome and you're drunk.
Stop it before it happens.
Don't blame the sorority.
Don't blame the sorority for giving you alcohol
or the fraternity or the guys.
Take on responsibility for yourself.
Don't depend on others.
Don't depend on the state.
Don't depend on your friends.
Take responsibility.
I think that that's an important lesson here.
The individual matters
and your individual responsibility for yourself
to take care of yourself is what is so critical.
I'm glad I said it.
I don't want to have to say it.
about it a lot more, but it gets at the heart
part of really the mission that I think we should all be focused on, which is that we need to all
make ourselves better. And by making ourselves better, we take accountability for ourselves and
we depend on ourselves. It is good to see you all. I see we've got a lot of new people in here. So
please make sure that you like and subscribe. And yes, peace of my mind. You look to Jesus. I'm like,
you know, we need more religion. We need more religion. And maybe a few dry towns in these
college towns. People are like, you can't do that, Trish. You know, this is what college kids do. And I'm like,
man, like, it's just not right. It is not right. It's very concerning, alarming stuff. Anyway,
good to have you here. Big show today. We'll be back tomorrow with much, much more. I'll see you then.
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Podcast Summary
Key Points:
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A federal judge has approved Paramount's $111 billion takeover of Warner Bros. Discovery, which will significantly reshape CNN, CBS, and broader entertainment media.
The new ownership structure includes Trump allies, Larry Ellison, and potentially Elon Musk, raising concerns about editorial independence and political bias in news content.
Critics argue that Netflix's business model is outdated, citing declining user engagement, political bias in content, and a failure to adapt to new media trends like YouTube and user-generated content.
The merger signals a shift toward conservative cultural influence in media, with potential changes to personnel, programming, and editorial standards at major networks.
New media platforms like YouTube and X are democratizing content creation, challenging traditional gatekeepers and threatening established players like Netflix and legacy networks.
Summary:
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A major development is the federal approval of Paramount’s $111 billion takeover of Warner Bros. Discovery, including CNN and CBS, signaling a dramatic shift in media ownership. The new structure, led by Trump-aligned executives and potentially Elon Musk, raises concerns about editorial independence and political bias.
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FAQs
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