do the math?
I don't know how the CTV industry refers to the mix of products people buy, but ranging I'd guess from the low end of "basic" service at $30/month, to a high end of $100 or more per month? So maybe the average customer's bill is $75/month?
I reckon that's nearly $5B/year in gross receipts.
Wages? With 16,000 employees my estimate might be on the high side at $1.2B/year, but it's just a guess.
That gives them a cool $3.8B/year to pay capital expenses (but I presume they're fully built out and only upgrading/replacing stuff), pay for the content, and pay down debt. (And I have no idea how much the content costs.)
They have $21B in debt? How much debt did they have last year? Had they been paying any of it down? They're going to reduce their debt by $8B? I only know one way to reduce debt and that's by paying it off with cash? Where was that going to come from?
Some grass mud horse probably ought to be going to jail. WTF?