Warner Bros. Discovery, Paramount, Roku, Lionsgate. Third-quarter earnings reports are all variations on a theme: things are bad. Layoffs are hitting every corner, and streaming “clearly [is] not making money yet and will not for another two years if it even gets to that point for some of these companies,” says host Sean McNulty (30:31), joined by Janice Min, Richard Rushfield and Tatiana Siegel, as the team lays out likely scenarios coming (including the “twin apocalypse” of a recession and a writers guild strike). Ankler contributor Peter Kiefer also joins to dissect Tuesday’s election, including a town divided over Rick Caruso v. Karen Bass for mayor and a wild Los Angeles County supervisor race rife with antisemitism allegations (5:10). Also on tap: Jeff Zucker’s $1 billion comeback (32:36).

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