Rupert Murdoch’s 21st Century Fox (FOXA) reportedly aims to take over Time Warner (TWX) as analysts say a wave of media consolidation beckons in the wake of proposed mergers among TV distributors. Time Warner’s stock shot up 15% in early trading to 81.66 on the stock market today after the New York Times reported that 21st Century Fox bid $80 billion for Time Warner in June but was rebuffed. Fox reportedly offered $85 in stock and cash for each
Rupert Murdoch’s 21st Century Fox (FOXA) reportedly aims to take over Time Warner (TWX) as analysts say a wave of media consolidation beckons in the wake of proposed mergers among TV distributors. Time Warner’s stock shot up 15% in early trading to 81.66 on the stock market today after the New York Times reported that 21st Century Fox bid $80 billion for Time Warner in June but was rebuffed. Fox reportedly offered $85 in stock and cash for each
Time Warner is facing the 21st-century media corporation’s ultimate challenge: remaining relevant in a digital culture. This task is exacerbated for Time Warner (TWX), whose assets include cable TV news giant CNN, Warner Bros. films and the Home Box Office entertainment channel. That’s because it is so closely identified with the classic 20th-century media industry, despite its ill-fated and ill-timed merger with AOL (AOL), which it has since spun