You're listening to a book with legs, a podcast presented by Smead Capital Management.

At Smead Capital Management, we advise investors who fear stock market failure. You can learn more at

smeedcap.com or by calling your financial advisor. We have some bonus content from our discussion with Chris Yoghurst on his book, The Warner

Brothers. We're going to call this episode 222.2. And like the four of a kind the episode has,

I think we're going to have quite a bit of fun today. We're going to be having Warner Brothers

Discovery CEO David

Sazlap join us for this discussion. Joining me to host that alongside is my father, Bill Smead,

our chairman and chief investment officer here at Smead Capital Management. To give our listeners

a little background on David, David originally joined NBC in 1989, where he was the president

of cable and domestic TV and new media distribution. He then joined Discovery in 1989, where he was the president of cable and domestic TV and new media distribution.

He then joined Discovery in 2006. He became the CEO there. He developed brands like the Oprah

Winfrey Network, Investigation Discovery, and eventually took over Scripps Network Interactive

in 2018, which our listeners probably would note that we were

shareholders of scripts at the time. Fast forward, David became the CEO of Warner Brothers Discovery,

so we're very excited for our discussion with David as we talk and think about the legacy

of the Warner Brothers. David, thanks for joining us today. Nice to be with you guys.

So to kick us off, David, the Warner Brothers were refugee Polish Jews.

Their success was not foreknown, though everyone knows the name today.

How do you look at the story, this American tale of, you know, really this family led by mom and dad, but the brothers, as this beautiful

American story.

Well, it's an extraordinary success story, but the big piece of the story is shared by millions

of Jews that left Eastern Europe.

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