Is Time Warner, Fox Deal Really Off the Table?

Your next video will start in

Recommended Videos

  • Info

  • Comments


Aug. 7 (Bloomberg) -- Bloomberg’s Edmund Lee discusses News Corp Chairman Rupert Murdoch’s next move after 21st Century Fox rejects Time Warner bid. He speaks with Betty Liu on “In The Loop.” (Source: Bloomberg)

Back away from a merger with time warner, he is resolute.

You people believe rupert murdoch?

You only have to believe part of what he says sometimes.

The reason why there is some doubt as because he has said stuff like that before.

When he tried to purge to -- when you try to pursue dow jones, he said the same thing.

At the same time, you have to look at the record -- john malone tried to buy -- barry diller tried to bend the dv industry and it did not work.

Now rupert murdoch with time warner.

We are seeing what might be the twilight of the media mogul.


Why is this?

The tv market, the tv business has matured in a lot of ways.

The tension, money, and people -- silicon valley companies like facebook, twitter, google, what have you -- are these guys past their prime?

They are billionaires, but they are not past their prime.

I want this deal, does -- get it done -- that does not fly anymore.

What about the comments he made?

The first thing they said on the earnings call said they were not talking about it.

Now he has got the challenge of proving to shareholders that we can do better than what rupert murdoch had offered.

They are doing well, doing a good job, but at the same time, the tv market is maturing.

He talked about international expansion, looking overseas for growth as well as the internet stock.

Hbo signed a streaming video deal with amazon, worth 100 billion -- $100 million if not billions of dollars.

We are not there yet either.

Is still has not been approved, and now you have murdoch backing away from time warner.

People are sort of crying out this is the age of the media mergers.

Companies get bigger and bigger.

Maybe that was kind of exaggerated.

It was exaggerated.

The pay-tv companies like comcast or time warner cable, they are hitting a saturation point in terms of customers they can nab.

Right now they are fighting each other to grab pieces of the other guy's customer base.

That is why a merger makes more sense with those guys.

Whereas the core members like time warner and fox -- they have enough scale, enough consumers that they do not need to team up necessarily.

That is true for now, but in the next few years they will have to produce shareholders so they can grow beyond that.

Let me refer you one part of an interview i did yesterday with a man who knows a thing or two about media mergers.

This is what he said how the time warner cable deal affects the industry.

People are watching the outcome, and there will be a potential for that to happen, but that clearly is an overarching issue that needs to get resolved.

That deal is so much bigger than anything else that needs to get done, all others pale in comparison.

The that that he is talking about his regular approval for comcast-time warner cable.

Will their choice in cable be limited?

Know, after this merger.

There are other concerns about broadband penetration and i am sure they will want to extract some kind of concessions out of comcast to improve the deal, but it looks like they will probably let it go.

But you agree that this approval is probably why we are not seeing other deals announced, right?

The other sort of nuance around the failed fox time warner bid is that some folks are looking at length how -- let's look at how regulators look before we say yes or no on this.

That is a factor.

This text has been automatically generated. It may not be 100% accurate.


BTV Channel Finder


ZIP is required for U.S. locations

Bloomberg Television in   change