Reuters - Video

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

Apple Inc

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

Money »

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

Stocks zapped by energy weakness Stocks zapped by energy weakness

Tue, Aug 05, 2014 - (2:46)

Stocks recover with refocus on earnings Stocks recover with refocus on earnings

Mon, Aug 04, 2014 - (2:19)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

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 »

"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)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)