U.K. pay TV giant British Sky Broadcasting Group has agreed to pay just over $9 billion to 21 st Century Fox to acquire its sister companies in Germany and Italy.
Already owned by the No. 1 U.S. pay TV provider, which is trying to buy the No. 2 operator, NBCUniversal chief executive Steve Burke told investors Tuesday that the programming conglomerate won't look for acquisitions amid the very likely prospect that huge competitors Fox and Time Warner Inc. will merge.
Beset by what are now chronic ratings declines on U.S. linear television, many analysts believe the sale of CNN--a real possibility, with Rupert Murdoch's 21 st Century Fox circling parent company Time Warner Inc.--would generate only a modest purchase price.
One of Rupert Murdoch's primary reasons for pursuing the acquisition of Time Warner, Inc. is to bolster Fox Sports 1 into a cable network that can legitimately compete in the national sports programming arena currently dominated by ESPN.
As the dust settled following word of Time Warner, Inc.'s rejection of 21 st Century Fox's $80-billion takeover bid, the general postgame conclusion has been that Fox chief Rupert Murdoch will undoubtedly circle back with a follow-up offer.
In a probable bellwether of pending merger activity among entertainment conglomerates, Time Warner Inc. has rejected an $80 billion cash and stock acquisition offer from 21 st Century Fox.
Highlighting what is fast becoming a vital growth sector for content providers, Time Warner Inc. CEO Jeff Bewkes paid special homage to video-on-demand at a New York speaking engagement.
Cable may still be king of media delivery, but the kingdom's subjects couldn't be more miserable, a new report shows. And while pay-TV subscribers hunt for an alternative to their current subscriptions, the number of over-the-top households continues to grow, another study found.
Could archrivals Fox News and CNN become corporate siblings? That's the possibility put forth by media analyst Tony Wible of Janney Capital Markets, who pondered this week the synergies of what would be the biggest media merger of the 21st Century, the hypothetical marriage of 21st Century Fox and Time Warner Inc.
Sprint MVNO Scratch Wireless is developing a version of its Wi-Fi-centric service specifically for cable operators that want to leverage Wi-Fi so they can compete against cellular carriers.