Wall Street investors have been “incredibly swift” to punish the merger of Viacom and CBS Corp., notes esteemed financial analyst Michael Nathanson of MoffettNathanson.
Free cash flow is a problem, he notes.
What does MoffettNathanson urge? It points to the adage to “never let a good crisis go to waste” and re-think both the company’s asset base and OTT strategy.