, Columnist
Fox and Time Warner Need Each Other
Time Warner will need a partner like Twenty-First Century Fox in order to control its own destiny in today's television market.
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In 2010, Gary Shteyngart's "Super Sad True Love Story" amused readers with its futuristic depiction of people traveling via UnitedContinentalDeltamerican and banking with AlliedWasteCVSCitigroupCredit. In Shteyngart's imagination, only two television channels provided all "Media": Fox Liberty-Prime and Fox Liberty-Ultra. The merger of Time Warner Inc. and Twenty-First Century Fox Inc., apparently suggested by Rupert Murdoch last month, shows Shteyngart was only barely ahead of his time.
As Time Warner shares climb to dizzying heights in response to the news -- what investor doesn't love a mega-merger? -- it's worth noticing how we got here.
