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Rupert Murdoch is attempting to buy Time Warner

I got my answer. I retired from News Corporation. My pension remains with News Corporation.
I guess that makes sense. I'm not going to spend any time worrying as long as my pension is deposited on schedule.
 
A week ago, I dreamt that Time Warner would sell Cartoon Network to Fox. (The Hanna-Barbera library went to DreamWorks Classics, and some other shows went to Nelvana)
 
TheBigA said:
Interesting....so it would link two old Hollywood names: Fox and Warner Brothers. If memory serves, the two were partners in KFWB at one time back in the day.
Click to expand...

...not so. Although some of the same audio engineers worked at different times to develop Warner Brothers' Vitaphone and Fox's Movietone News technologies, Fox never had a hand in owning or operating KFWB. Warner Brothers put that station on the air in 1925, although the call sign was sequentially assigned rather than being specifically applied for by the Warners...
 
A little off topic, but since you brought it up...both Vitaphone and Movietone were connected with AT & T, whose Western Electric Company effectively monopolized movie sound. When RCA developed (with GE) what they considered an improved sound system, called RCA Photophone, they pretty much had to start their own film and theatre company in order to break into the market. Joe Kennedy had finished his fling with movie making (and his fling with Gloria Swanson) and had a third-rate movie studio (called FBO) and a chain of vaudeville houses he wanted to unload. David Sarnoff and company bought them, and turned them into RKO (Radio-Keith-Orpheum,) equipping everything with RCA sound systems. (So not for no reason were they called "Radio Pictures!") Kennedy held on to the Pathe' film studio for a couple years longer, then sold it to RCA as well in what would now be an illegal "pump-and-dump" stock scam that lined his own pockets while fleecing other stockholders.
 
I read that CBS wants CNN. I can see why, CBS News has almost zero presence on cable. Could this be used by TW to forestall Murdoch? If CBS got CNN, I presume they'd can most of the staff and greatly reduce the Atlanta operation and make it an extension of CBS News. It would be a marked improvement over what CNN has produced in recent years.
 
CBS and CNN have tried to buy each other before. Currently, there various cooperative efforts between the two. And CBS also partners with the company in the CW.

Fox won't shut down CNN. CBS will pay for it; shutting it down means zero money. And shutting it down invites anti-trust scrutiny. Besides, CNN is not a big ratings threat to Fox News - neither is CBS, for that matter.

CBS and CNN would merge operations and a lot of people would lose their jobs in the "consolidation."

Rupert has split newspapers from Fox, dividing up the kingdom for his heirs before he departs.
 
frankberry said:
I got my answer. I retired from News Corporation. My pension remains with News Corporation.
I guess that makes sense. I'm not going to spend any time worrying as long as my pension is deposited on schedule.
Click to expand...

Are you sure? 21st Century Fox is the successor company to the old News Corp. The new News Corp is supposed to be a new company. Either way, both companies are controlled by Murdoch.
 
Exactly. It's a change in name only. I really don't care who pays. Just keep the bank deposits comin'.
 
Sometimes a couple of love bird companies have a sweet, cozy little deal all worked out, and then the black knight comes along with various types of forensic crews, and the little sweetheart deal unravels and falls apart. I believe in the slang it is called "game over" - if Murdoch really wanted to push it.
 
Wouldn't it be interesting to know what they found out while they were looking at the option?
 
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