The other week, Warner Bros. Discovery CEO got on the phone to talk about earnings with investors, and the news wasn't good. The media company, which owns brands like HBO and CNN, posted a quarterly loss of of $9.98 billion, most of that related to its linear TV business. If you haven't noticed, a lot of people stream most of their TV these days.

And indeed, the company's streaming service Max has been profitable before; in 2023, it was profitable for the whole year, which was impressive given how many of the new names in streaming have struggled to make money. But with the stock price plunging and the company overall in rough shape, the executives in charge are surely considering drastic action. A step in the right direction might be to fire CEO David Zaslav, who has a reputation for being difficult to work with and for not understanding the nuances of the entertainment industry,...