[opendtv] Re: AT&T Agrees to Buy Time Warner for Around $80 Billion
- From: Craig Birkmaier <brewmastercraig@xxxxxxxxxx>
- To: opendtv@xxxxxxxxxxxxx
- Date: Sun, 23 Oct 2016 07:25:46 -0400
On Oct 22, 2016, at 5:11 PM, Monty Solomon <monty@xxxxxxxxxx> wrote:
http://www.nytimes.com/2016/10/23/business/dealbook/att-agrees-to-buy-time-warner-for-more-than-80-billion.html
It will be interesting to see what happens to this deal in terms of government
approvals. The comment that Trump would oppose the deal is interesting, when
taken in context with these paragraphs from the article:
“Time Warner chairman and C.E.O. Jeff Bewkes and his senior management team can
see where the entire legacy media world is headed: secular decline,” Richard
Greenfield, a media analyst at BTIG, wrote in a research note on Saturday.
Mr. Greenfield added, “We believe Bewkes will end up being remembered as the
smartest C.E.O. in sector — knowing when to sell and not overstaying his
welcome to maximize value for shareholders.”
Clearly Trump sees the content congloms as a monolithic voice supporting
Clinton. Would this merger strengthen that "voice," or as Greenfield suggests,
is this just "the mating of dinosaurs," an indication of secular decline for
the few remaining Jurassic era media giants?
Perhaps the answer depends on the outcome of the election...
Regards
Craig
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