Ben Gilbert: uncertainty

Transcript context

…Well, we might have a little more to say on this, but certainly the Taylor Swift crossover helped with Super Bowl viewership numbers over the last couple of years. Yes. One other point that I did miss while we're in TV broadcast land on the episode. David, I don't know if you knew this. Structurally, TV networks actually get paid in two ways. When we were sort of talking about, oh, the viewership has sort of stagnated,why do they get to charge more and more and more for ads? The networks buy the rights. Fox or NBC buys a rights package. They show the game, I assumed they were only getting compensated with ad revenue and then sort of indirectly for like retaining those viewers for whatever programming they also had on the network. There is a second very large revenue stream called retransmission fees. Did you know about this? Ah, yes. Oh man, going back to my days as a media investment banker.…

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