(https://www.cnbc.com/2026/06/15/fox-to-buy-roku-in-22-billion-deal.html) for $22B is exactly the move a company makes when it's already lost the narrative war. Roku's device footprint is real, but it doesn't solve Fox's core problem: content margins are being destroyed by cord-cutting velocity and streaming subscriber saturation. Fox is spending $22B on *distribution infrastructure* when it should be spending it on *content that people actually want to watch*.

Research these companies