AT&T-Time Warner merger to change media landscape

Comcast readying new bid for 20th Century Fox film and TV assets

As reported by CNBC, the global telecommunications conglomerate was willing to offer $60B in cash for the Rupert Murdoch-founded company. A vote on Disney's offer is set for July 10th, though Fox issued a statement today claiming they have yet to decide whether or not they will postpone this vote.

It became possible when Rupert Murdoch, 87, and his son made a decision to slim down the media empire, leaving them with a "New Fox" that includes the Fox News Channel, the Fox broadcast network and sports cable operations. Disney has made its own $52.4 billion bid for the bulk of the company.

Following a US District Court's decision this week to allow a merger between AT&T and Time-Warner to go forward, it was widely expected that Comcast would push forward with its own grand plans to buy up the media landscape.

Some analysts see difficulties for Comcast-Fox, which would add Fox's movie and television studios to Comcast's NBC Universal, but Roberts said in a letter to Fox that he would offer the same conditions as Disney and promised to fight for the deal in court if necessary.

Would you rather have net neutrality or an open internet?
The goal for AT&T, Verizon and Comcast is little to no oversight for some of the least-competitive companies in America. FCC chair, Ajit Pai says Net Neutrality prevented providers like Verizon or Comcast from expanding their networks.


The judge rejected the government's argument the takeover would hurt competition in cable and satellite TV and increase costs to consumers for streaming TV and movies.

A deal between Comcast and Fox would only further anxieties over a concentration of power in the U.S. media markets as more cable and satellite TV providers are acquiring major networks and broadcasters.

Notably, the ruling does not require AT&T to divest any assets of Time Warner to complete the transaction. But AT&T CEO Randall Stephenson remained at the company's headquarters in Dallas, and he learned of the ruling when AT&T general counsel David McAtee called him, a spokesperson said.

One of the biggest deals in Hollywood is now unfolding as the Walt Disney Company is making moves to purchase a majority of 21st Century Fox's film and TV licenses.

Valve introduces a revamped Steam Chat set to take on Discord
Another new feature is that friends are grouped by game now when they play games and that they may also be grouped by party. Voice chat has also been rebuilt from the ground up, with Valve saying it now sounds a lot cleaner than it did before.


The Comcast bid includes the same $2.5 billion termination fee and $1.5 billion break-up fee should the deal fail to close as Disney offered.

Disney itself has "surgically" structured a transaction that "might be doable", avoiding Fox Broadcasting and big Fox sports channels, USA antitrust chief Makan Delrahim said last week.

The AT&T lawsuit is the first time in decades that a government challenge of a "vertical merger" - involving two companies that do not directly compete - has gone to court. Fox has a 39 percent stake in that company and has been trying to buy outright, with the intention of selling the full company to Disney as part of that deal.

Should the board decide Comcast has the better deal, Disney would have five days to come up with a counter.

Pope accepts resignations of three Chilean bishops in wake of abuse scandal
The announcement came as Pope Francis was sending his Vatican team back to Chile to promote healing from the abuse crisis. He met survivors at the Vatican and has been strong in his criticism of how the Chilean bishops handled the situation.


"We hope this is precautionary only, as we expect to work together to reach an agreement over the next several days", Comcast says. AT&T will now control a media group whose assets include HBO and CNN, though the DoJ could seek an emergency appeal of the ruling.

Related news:

Hot News

isis-killer-beheading-video-story-top Apple tightens iPhone security loophole to prevent police hacking
Jun 14, 2018 - 06:28
But the company has been a target of some in law enforcement for rejecting efforts to allow easy access to iPhones. With the changes, police or hackers will typically have an hour or less to get a phone to a cracking machine.

isis-killer-beheading-video-story-top Dennis Rodman arrives in Singapore
Jun 14, 2018 - 06:16
On the other hand, the pressure on Trump to gain something out of this highly-anticipated meeting has also mounted. Barry McCaffrey, a retired United States army general, went one further - warning America's security was at stake.

N Korea nuclear disarmament by 2020
Jun 14, 2018 - 05:46
After three minutes of being touched and felt by Trump, Kim Jong-un is just going to go, 'Fine, fine, take the nukes". In 2017, the annual exercise involved 17,500 U.S. service members, with 3,000 coming from outside South Korea.

isis-killer-beheading-video-story-top US, Mexico and Canada to host 2026 World Cup
Jun 13, 2018 - 18:30
Although it would be the first tournament to be hosted by three nations, the vast majority of games will be held in the US. How many teams will participate? The expanded format in 2026 will include 48 teams, playing a total of 80 matches.

isis-killer-beheading-video-story-top 'Trump Pump' Handshake Gave President Upper Hand With Kim Jong Un
Jun 13, 2018 - 17:58
The president said he and Kim "got along from the beginning" and the North Korean leader realized that he must get rid of his nuclear weapons.

isis-killer-beheading-video-story-top Kate Middleton Zara Dress & Similar Styles: Mini, Ruffles, Cutout
Jun 13, 2018 - 17:58
It was a busy weekend for the Cambridges this weekend as they had Trooping the Colour on Saturday. One comment said: "This was the only disappointing thing about today's polo match photos".

isis-killer-beheading-video-story-top Dixons Carphone admits data breach from July 2017
Jun 13, 2018 - 17:57
The database did not have the chip and pin codes or card verification values (CVV) allowing purchases to be made, it said. But around 105,000 of them were issued outside the European Union and do not have the same protections.

isis-killer-beheading-video-story-top Mohamed Salah joins Egypt training session
Jun 13, 2018 - 17:20
The mercurial forward posed for pictures this week in the official team kit, looking both in good shape and in high spirits. The Egypt worldwide has been tipped to join Barcelona or Real Madrid this summer in a blockbuster deal.

isis-killer-beheading-video-story-top Rolland Garros Final: Nadal vs Thiem
Jun 13, 2018 - 17:16
He is the only man to beat the world number one on clay in the last two years - in Madrid this spring and in Rome last year. Thiem was on the couch, watching on TV, in 2005, when Nadal earned his first Grand Slam trophy in Paris at age 19.

isis-killer-beheading-video-story-top How will the 2026 World Cup vote work?
Jun 13, 2018 - 17:15
The 2026 World Cup will be held in the United States, Canada and Mexico after their joint bid beat Morocco's proposal to host it. The 1994 World Cup, the only one played in the US , was the most financially successful and best-attended tournament in history.

isis-killer-beheading-video-story-top N.Korea media: Syria's Assad willing to meet Kim
Jun 13, 2018 - 17:14
After meeting Kim Yong Chol , Pompeo had said the path to better relations between the U.S. and North Korea could take some time. One of the topics Trump discussed Friday with North Korean officials was a possible peace treaty between North and South Korea.

isis-killer-beheading-video-story-top PM's fitness dare gets a tongue-in-cheek reply from Kumaraswamy
Jun 13, 2018 - 16:42
PM Modi's fitness challenge video has come over a month after he accepted cricketer Virat Kohli's fitness challenge on Twitter. India's pride and among the highest medal winners for India in the 2018 CWG, @ manikabatra_TT .

isis-killer-beheading-video-story-top United Kingdom justice minister resigns ahead of key Brexit debate
Jun 13, 2018 - 16:40
However, despite backing down, pro-Remain Tories signalled they would not be easily consoled by a compromise offered by ministers. Its Lords were instrumental in bringing about some of the amendments that have been sent back to the Commons.

isis-killer-beheading-video-story-top Trump helps take down Mark Sanford
Jun 13, 2018 - 16:39
The president himself weighed in by stoking memories of the affair, tweeting that Sanford was "better off in Argentina". Sanford, a consistent critic of Trump from within the president's own party, lost to state legislator Katie Arrington .

isis-killer-beheading-video-story-top Trump Aide Apologizes For Trudeau Insult
Jun 13, 2018 - 15:37
"There's a special place in hell for any foreign leader that engages in bad-faith diplomacy with President Donald J. While there was "common ground" in some areas, she said she was "disappointed" by the United States stance on trade.