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Murdoch Open to Bid Above $75 Billion for Time Warner


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10 replies to this topic

#1 OFFLINE   Athlon646464

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Posted 17 July 2014 - 09:36 AM

Murdoch Open to Bid Above $75 Billion for Time Warner
 
(Bloomberg.com) - Fox’s willingness to raise its offer higher than $85 a share is contingent on Time Warner engaging in talks and opening its books to Fox, according to one of the people, who said Murdoch hasn’t been directly involved in discussions. A deal would reshape the media industry by giving the TV-and-film companies bargaining power in negotiations with cable operators such as Comcast Corp. and Time Warner Cable Inc., which are in the process of their own merger....
 
 
i0NYxDdpHxiA.jpg

1 HR34-700, 1 C31-700, 1 HR24-500
Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010

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#2 OFFLINE   nmetro

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Posted 17 July 2014 - 11:44 AM

If the fed lets this goes through, then well over 50% of produced media content will be in the hands of one company; a combined FOX and Warner Brothers. Not to mention all various content delivery sources which these two companies already own. This will be bad for consumers, TV stations, cable companies, satellite companies, and competing media companies. Prices will certainly go up and choice will certainly go down. Especially, if AT&T merges with DirecTV, and Time Warner Cable is bought by Comcast. What's next Verizon tries to buy DISH? Viacom buys up what is left that Disney, Comcast, FOX/WB does not own? Why don;t we just fast forward 10 years where there will be one media provider and distributor via cable, web Internet satellite; all called AT&T.



#3 OFFLINE   SteveHas

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Posted 17 July 2014 - 01:13 PM

Great, look what this man did to US politics, and the yellow journalism that he is destroying america with.

Lets give him more pull.

 

great idea


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#4 OFFLINE   nmetro

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Posted 17 July 2014 - 01:36 PM

And arrogance from Australia:

 

http://www.smh.com.a...0717-zu7ez.html

 

And this:

 

http://www.smh.com.a...0717-3c480.html



#5 OFFLINE   Satelliteracer

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Posted 20 July 2014 - 06:44 PM

I'm pretty sure US politics has been an issue like it has been in most parts of the world for a few hundred years.  Plenty of examples.  Plenty of examples of "journalism" issues as well on both sides.


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#6 OFFLINE   phrelin

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Posted 05 August 2014 - 04:51 PM

In addition to the Jon Stewart mock Kickstarter campaign to buy CNN and Bill Maher's discussion about looking for a job, the real news was today's Murdoch Ends Bid for Time Warner which tell us:
 

Here is the statement Murdoch released this afternoon:

 

” ‘We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling. Additionally, the reaction in our share price since our proposal was made undervalues our stock and makes the transaction unattractive to Fox shareholders. These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders, has led us to withdraw our offer.

 

” ’21st Century Fox’s future has never been brighter. The strength of our leading franchises, combined with the power of our emerging growth businesses and the leadership positions of our international enterprises put us on a path for even greater success.

 

” ‘The Board today authorized a $6 billion share repurchase program. The repurchase of an additional $6 billion of Class A Common Stock is expected to be completed in the next 12 months.

 

Apparently the market disliked the proposal enough that the company now finds itself having to repurchase shares to shore up the stock price and make shareholders happy.

 

Incidentally, I am assuming that everyone here knows there is a difference between the Time Warner Inc. that Murdoch tried to buy and Time Warner Cable.


Edited by phrelin, 05 August 2014 - 04:55 PM.

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#7 OFFLINE   Athlon646464

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Posted 06 August 2014 - 04:02 AM

862004040e9f4518963a8d12e14de414.jpeg


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Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010

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#8 OFFLINE   ground_pounder

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Posted 20 August 2014 - 08:02 PM

once comcrap takes over TWC out here I am gone



#9 OFFLINE   dualsub2006

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Posted 20 August 2014 - 08:21 PM

once comcrap takes over TWC out here I am gone


Time Warner and Time Warner Cable are two different companies.

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#10 OFFLINE   ground_pounder

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Posted 20 August 2014 - 09:24 PM

Time Warner and Time Warner Cable are two different companies.

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oopppsss lol my bad i'm not looking forward to the TWC comcrap merger eathier



#11 OFFLINE   coolman302003

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Posted 21 August 2014 - 12:03 AM

oopppsss lol my bad i'm not looking forward to the TWC comcrap merger eathier

 

And there is a thread specific to that here.

 

Comcast to purchase Time-Warner Cable






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