Britain’s flirtation with leaving the European Union is as puzzling as Greece’s desire to stay. After all, Britain’s economy has done quite well inside the bloc while Greece’s has been decimated. What explains both sentiments, WSJ chief economics commentator Greg Ip writes, is that the European project has always been about more than economics.
The future of pay TV is smaller bundles of channels—even the owners of the channels are acknowledging as much. Even if Big Media is trying to embrace the trend of the so-called skinny bundle, it will mean leaner times for some.