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Broadband tv package deals
Last Updated Jun 13, 2018 3:16 PM EDT The last time $100 billion was spent buying Time Warner was back in 2000, when the media giant joined forces with the dotcom-era darling AOL in a stock-based merger that proved so disastrous it's widely seen as the worst corporate marriage in history.It turned out that after the dotcom crash, an overly inflated AOL was forced to take a monstrous goodwill write-off of nearly $99 billion on Time Warner in 2002. AOL's market value slumped from $226 billion to around $20 billion. A few years later Time Warner spun off its Time Warner Cable division and then AOL as independent companies. The vastly shrunken AOL was acquired by Verizon in 2015 for just $4.4 billion.Looking back, the AOL-Time Warner deal was marred by cultural incompatibilities and AOL's inability to respond to the rise of broadband vs. dial-up internet access. AOL lost its competitive position and couldn't extract the expected financial synergies from the deal. Fast forward … [Read more...] about AT&T-Time Warner deal raises specter of AOL Time Warner deal
By Shalini Ramachandran Shalini Ramachandran The Wall Street Journal BiographyShalini Ramachandran @shalini Google+ [email protected] June 12, 2018 5:52 p.m. ET 30 COMMENTS A court’s approval of AT&T Inc.’s T -5.78% merger with Time Warner Inc. TWX 2.10% paves a clear path for Comcast Corp. CMCSA 0.51% to bid for 21st Century Fox assets as early as Wednesday and could trigger a round of deal-making by smaller media companies trying to keep up with the industry’s titans. The AT&T deal, which survived the U.S. Justice Department’s legal challenge, will create a juggernaut with an unprecedented mix of assets spanning TV distribution, cable programming, wireless and broadband. Separately, Walt Disney Co. and cable giant Comcast appear headed for a bidding war over Fox assets, including its Hollywood studio and international properties. For Comcast, approval of the AT&T deal bolsters its case with Fox that a tie-up … [Read more...] about Green Light for AT&T Deal Sets Up Comcast’s Fox Bid, Merger Frenzy
Television 2015 Facebook Twitter Flipboard Email Enlarge this image iStockphoto iStockphoto This is one in a series of essays running this week and next about the state of television in 2015. The series is based on developments at the recent Television Critics Association press tour in Beverly Hills, Calif., where broadcast and cable networks, along with streaming services like Netflix, presented new and existing shows to TV critics and reporters. It is a secret only intermittently discussed that the anointed Golden Age Of Television is also very often The Golden Age Of Nobody Knowing What The Frosted Flakes Is Going On, and one of the reasons for that is that nobody even knows for sure what it means to watch television anymore. Let's take a quick romp through an existential crisis on which we touched previously: What even is television? (If you said "a vast wasteland," you may be watching the television of many years ago and I'd like to borrow your time … [Read more...] about Television 2015: With 25 Ways To Watch TV, Does The House Always Win?
Apple is reportedly in talks with programmers to offer about 25 channels, including CBS, ABC, Fox and FX, on an online streaming television service planned for later this year. According to The Wall Street Journal, the service, which could be announced as early as June and launch in September, would cost from $30 to $40 a month. It will work with all iOS devices, including Apple TV, and come with an on-demand library. "Everybody has been waiting for some sort of product like this from Apple," CNET senior editor Scott Stein told CBS News. "For a while, people have wanted to cord cut in the sense that they feel they are paying too much for cable or they don't have the same selections," he said. "You already see the influence of streaming services like Netflix and Amazon in terms of being appealing to people but also bringing in new content, so I think it's a very big deal." Apple has talked for some time about creating a TV subscription service as part of co-founder Steve Jobs' dream of … [Read more...] about CBS News Logo Apple to launch streaming TV service