Paramount Caught Using 'Astroturf' Group to Drum Up Fake Support for Merger
Posted by hn_acker 2 hours ago
Comments
Comment by piloto_ciego 1 hour ago
This is just one instance, but the propaganda effect I think is happening strong. I think probably all of public opinion is being manipulated like this...
Comment by lefstathiou 38 minutes ago
For Paramount, I'd imagine they have no choice but to do this. It would be naive to think its opponents aren't astro-turfing the other side.
Comment by thatjoeoverthr 22 minutes ago
Comment by kilroy123 1 hour ago
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Comment by muro 38 minutes ago
Comment by airstrike 52 minutes ago
This is wrong. There are mass layoffs because you don't need 2 HR departments, 2 Accounting departments, and so on. You can often do away with lots of sales & marketing too, in some industries.
These are called "cost synergies" in M&A, and are basically the only synergies someone will give you credit for in a deal.
Debt financing is not required for there to be cost synergies.
Comment by mikeryan 25 minutes ago
Which part exactly? Seems you just described why the layoffs happen? Two things can be true here, the new company can find cost savings by eliminating redundancies and have to cut deeper than desired to be able to service debt.
Comment by iooi 57 minutes ago
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Comment by josefritzishere 32 minutes ago
Comment by chrisjj 35 minutes ago
... except the article presents no evidence the organisation is fake.
Comment by alightsoul 1 hour ago
Comment by thayne 49 minutes ago
Comment by Hamuko 1 minute ago
I imagine those people are quiet about it now.
Comment by JumpCrisscross 40 minutes ago
If I were a loyal Spirit Airlines customer, I’d have supported their proposed merger. Similarly, when an artist I love gets greenlit by a major studio, it’s news worth celebrating—they’re getting more resources at their disposal.
(To be clear, I think the Paramount merger is a travesty, but mostly due to corruption rather than anything intrinsic to Hollywood needing protecting.)
Comment by sleepybrett 12 minutes ago
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Comment by mistrial9 46 minutes ago
Cry no tears for these leaders.
Comment by pwdisswordfishq 1 hour ago
Comment by lokar 1 hour ago
Comment by empath75 1 hour ago