Reuters - Video

EDITION: U.S. | U.K. | IN

Finance Videos

Fox fixes eyes on Time Warner, and its content

Wednesday, Jul 16, 2014 - 02:26

In the latest validation that content is king- Rupert Murdoch's Twenty-First Century Fox proposed takeover of Time Warner goes after premium content and the billions of viewers that come with it. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

Rupert Murdoch's Twenty First Century Fox's proposed takeover of Time Warner signals his plans to expand his content kingdom and tap new markets, and billion of consumers. While the offer was initially rejected by the Time Warner board, it is expected that the 83-year old media mogul will pursue the merger. Mario Gabelli runs GAMCO Investors- one of many investors who have stakes in both Time Warner and Twenty First Century Fox: SOUNDBITE- AUDIO WITH GRAPHIC: MARIO GABELLI, CEO, GAMCO INVESTORS (ENGLISH) SAYING: "What Rupert's vision is is fairly obvious. He sees, you know, three billion new consumers coming into the market place in the rising middle class in China, and India, and mobile devices, and its going to have a strong demand for content, and he is going to be able to create you know Netflix's on his own. So I don't think he is walking away. I think this is his first bid. " Rupert's prize? Time Warner owns lucrative properties like HBO, Turner broadcasting, Warner Brothers movie studio and CNN - though the latter would in theory be sold as part of a deal, to avoid regulatory conflict with Fox News. If the deal goes through, they would join Fox properties such as FX and Fox Business, and movie studio 20th Century Fox. The benefits of the deal could yield over $1 billion in savings, according to Fox estimates And by adding to Murdoch's content arsenal, Fox would have more leverage against cable companies, which have been in heavy dealmaking mode. But for Time Warner CEO Jeff Bewkes and the board they need to move carefully. Wedbush Securities James Dix: SOUNDBITE: JAMES DIX, SENIOR RESEARCH ANALYST, WEDBUSH SECURITIES (ENGLISH) SAYING: "There are certain things which a Fox deal presents which makes them re-examine. Time Warner's strategy in light of what is your next best option, and they go back to him, and they say, ok, here are some potential things which a Fox deal could present. Is there any other ways we could get that in the context of your strategy, whether it's staying independent and pursuing it without a deal, or maybe getting together with somebody. And there is a couple other players who they could get together potentially, CBS, for example, another big content player." Dix also says Disney is another possible player in all this, and while there has been talk about non-content companies like Apple and Google taking a look- he does not think that is likely.

Fox fixes eyes on Time Warner, and its content

Wednesday, Jul 16, 2014 - 02:26

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)