what happens to america when murdoch owns all of our media? it's just a matter of time.

[spanone]

Rupert Murdoch Is Rebuffed in Offer for Time Warner

The media giant 21st Century Fox, the empire run by Rupert Murdoch, made an $80 billion takeover bid in recent weeks for Time Warner Inc. but was rebuffed.

The bold approach could put Time Warner in play and might again ignite a reshaping of the media industry, prompting a new spate of mega-mergers among the nation’s largest entertainment companies.

Mr. Murdoch has built a global media juggernaut over nearly five decades spanning studios, television channels and newspapers, in part, by pursuing bold deals that were often rebuffed at first by the targets of his overtures, only to later acquiesce.

Time Warner on Wednesday confirmed that it had rejected a cash and stock offer from 21st Century Fox, saying that it was not in the company’s best interests. The Time Warner statement pointed to its own strategic plan, what it said was “uncertainty” over the value of 21st Century Fox stock and regulatory risks as among the reasons for its rebuff.

http://dealbook.nytimes.com/2014/07/16/rupert-murdoch-said-to-have-made-offer-for-time-warner/?hp&action=click&pgtype=Homepage&version=LedeSum&module=first-column-region®ion=top-news&WT.nav=top-news

[Cleita]

1. If there was ever an immigrant I would like to see deported, he's the one.

Sure he's now a naturalized American citizen but his media spreads propaganda and ideas that some would consider unAmerican and treasonous. Why isn't he brought up on charges instead of whistle blowers like Chelsea Manning and Edward Snowden?

[RKP5637]

9. I always wonder that, his empires work to undermine the US, yet he is given a free pass as

free speech. IMO individuals such as he should definitely be brought up on these charges. I dare say if a really left wing individual such as he were around, they would probably be brought up on charges quite quickly.

[Swede Atlanta]

2. When the DOJ actually cared about its anti-trust duties.......

It would signal early on that this type of consolidation would not be permitted.

But today the DOJ is the lapdog of big monied interests. They approve almost anything short of a merger ... oh who is kidding who...they will approve any merger...the bigger the better.

The DoJ has no interests in protecting workers, consumers, etc. They only have the interests of the corporations in mind.

[polichick]

4. They've bought the whole gov't, not-so-Supreme Court included.

[RKP5637]

10. Very well said !!!!!!!!!!!!!!!!!

[MohRokTah]

3. I would have to cancel HBO if he buys out Time Warner. eom

[brooklynite]

5. Probably not much of a change...

...it's easy to claim he's a RWer, so there'll be conservative bias, but Murdoch's Fox network did "COSMOS". When profits are involved, he'll sell to any market he can find.

[Armstead]

8. Just the fact that he has power to say yes or no is bad enough

[liberal N proud]

6. People might actually start to talk to each other

Because we will not be watching television.

[spanone]

7. but sadly, faux is the most watched non-news news channel