The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Hendricks: Ad-Driven Revenue Pushed Discovery Toward Sensational Reality TV
“When you have over, a little over half of your revenue is from advertising, it drives you to certain decisions”
Hendricks: Discovery Channel needed $1M monthly burn, $340K for satellite
“I mean, just doing the research, it was clear that I would have an expense rate of at least a million a month. Okay. And the big portion of that was the satellite transponder and uplink, which is, I recall was around 333 140,000 dollars a month.”
Hendricks: Launching Discovery Channel required minimum $25 million over two years
“But you're right, I knew we would need a minimum of twenty-five million, a little over, say, two years. Of operations.”
Hendricks: Discovery Offered Cable Operators Two Free Years Before Charging
“We'll be free for two years. But in the third year, you will agree to pay us a nickel if you have the freedom to do so through deregulation.”
Hendricks: Discovery equity diluted from 100% to 7%, then 4%
“There was that moment in time when I incorporated when I had a hundred percent equity, and then you get diluted down and diluted down, I think, After that, I think it was around, maybe around seven percent, and then you know, for the longest period, I was at f…”