Today's Post - https://bahnsen.co/3QMkXSl

David Bahnsen analyzes Rupert Murdoch’s 2019 sale of major 21st Century Fox entertainment assets to Disney for $71.3B, emphasizing not the politics of the parties but the business logic and investing takeaways. He contrasts Disney’s struggles since the deal with Fox’s stronger stock performance, arguing the outcome reflects capital intensity and duration risk: Disney bought scale and IP to compete in streaming, requiring heavy reinvestment amid intense competition and limited margin of safety, while Murdoch kept Fox’s news and sports assets (Fox News, Fox Business, broadcast and sports rights) as more durable, real-time, less disrupted businesses with higher margins. Bahnsen connects this to dividend growth investing as a shorter-duration equity profile that “gets paid now,” helping de-risk unknowns versus long-duration, capital-heavy bets like streaming content.

00:00 Welcome and Setup

01:10 Polarization Disclaimers

03:32 The 2019 Fox Disney Deal

05:13 Stock Performance Aftermath

06:48 Disney’s IP Playbook

08:25 Murdoch Keeps News Sports

10:59 Streaming Wars and Capital Risk

12:52 Capital Light Durability Lesson

15:17 Duration Risk and Dividends

18:16 Dividend Growth Takeaways

19:30 Closing Thoughts

Links mentioned in this episode:

TheBahnsenGroup.com