Bank of America's Lou Paskalis: The Consumer is In Control

Lou Paskalis, a media executive from Bank of America, discusses the tectonic shifts taking place in the media industry with Cheddar. As a flurry of consolidation is sweeping the media industry, Paskalis says he is concerned about over-concentration. Ideally, he thinks there needs to be an ecosystem of 7 or 8 power players in the space.

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(Source: Cheddar, https://www.youtube.com/watch?v=kBE1c-5lAGU)