Rupert Murdoch’s interest in Time Warner fuels industry speculation
Source: By Reuters
By Ronald Grover
LOS ANGELES (Reuters) Rupert Murdoch jets into Idahos Sun Valley next week for the years most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal.
The 83-year-old Twenty-First Century Fox Inc chief executive officer, a regular at investment bank Allen & Cos annual gathering, is in the midst of a deal that would give Fox the firepower to buy a content company.
Foxs 39 percent-owned British Sky Broadcasting Group Plc is negotiating to buy Foxs Sky Italia and its Sky Deutschland subsidiary in a deal that could net Fox as much as $13 billion.
Read more: http://www.rawstory.com/rs/2014/07/01/rupert-murdochs-interest-in-time-warner-fuels-industry-speculation/
JohnnyRingo
(18,624 posts)...and hopefully, it won't be up to the Supreme Court. We know they'll make it legal.
Javaman
(62,517 posts)or has that merger died?
onenote
(42,694 posts)Time Warner Inc. used to own Time Warner Cable, but Time Warner Inc. spun off Time Warner Cable several years ago. They are separate companies with separate managements. Time Warner Inc. is essentially a content company, owning Time Inc., Warner Studios, HBO, Turner Networks, etc. Time Warner Cable is essentially the operator of cable systems, with only a smattering of programming interests (such as local news channels and a few sports channels).
Javaman
(62,517 posts)mitty14u2
(1,015 posts)Fox 175 News Stations PROPAGANDA Overload
List of Fox television affiliates (by U.S. state)
The Fox Television Network is an American television network made up of 25 owned-and-operated stations and over 175 affiliates. This is a listing of Fox's affiliates, arranged alphabetically by state, and based on the station's city of license and followed in parentheses by the Designated Market Area when different from the city of license. There are links to and articles on each of the stations, describing their local programming, hosts and technical information, such as broadcast frequencies.
http://en.wikipedia.org/wiki/List_of_Fox_television_affiliates_(by_U.S._state)
The Holy Grail of Greed and Power! MONOPOLY
This is one reason why Monopoly is against the Law, you see it in Media to Airlines to Gas Stations, The Holy Grail of Greed.
Monopoly
An economic advantage held by one or more persons or companies deriving from the exclusive power to carry on a particular business or trade or to manufacture and sell a particular item, thereby suppressing competition and allowing such persons or companies to raise the price of a product or service substantially above the price that would be established by a free market.
In a monopoly, one or more persons or companies totally dominates an economic market. Monopolies may exist in a particular industry if a company controls a major natural resource, produces (even at a reasonable price) all of the output of a product or service because of technological superiority (called a natural monopoly), holds a patent on a product or process of production, or is otherwise granted government permission to be the sole producer of a product or service in a given area.
U.S. law generally views monopolies as harmful because they obstruct the channels of free competition that determine the price and quality of products and services that are offered to the public.
The owners of a monopoly have the power, as a group, to set prices, to exclude competitors, and to control the market in the relevant geographic area.
U.S. antitrust laws prohibit monopolies and any other practices that unduly restrain competitive trade.
These laws are based on the belief that equality of opportunity in the marketplace and the free interactions of competitive forces result in the best allocation of the economic resources of the nation. Moreover, it is assumed that competition enhances material progress in production and technology while preserving democratic, political, and social institutions.
http://legal-dictionary.thefreedictionary.com/Monopoly