Media Titan Rupert Murdoch's Latest Media Takeover Plot Is His Most Audacious Yet

[madokie]

If the titan is successful in his bid, the mega deal would be bad for everyone.

Rupert Murdoch is one of the world's richest men, and the owner of News Corporation, which operates Fox News, The New York Post, and other major outlets.

In addition to effectively owning countless news outlets across the world, Murdoch is also owner of movie and television powerhouse 21st Century Fox. Earlier this month, Murdoch made a nearly $80 billion offer to have 21st Century Fox takeover Time Warner, a move that was rejected by the company.

But Murdoch has not given up on his quest to merge the two media titans. As The New York Times noted, he is “determined and unlikely to walk away anytime soon, people briefed on the matter said. And he has a track record of pursuing companies that first said no before giving in.” This week it was reported that 21st Century Fox may be planning to increase its offer after its sale of Italian and German Sky TV holdings, which would generate an extra $13.5 billion.

While much of the press has focused on whether Murdoch will be successful in his bid, the bigger question is: what happens if he is?

http://www.alternet.org/media/murdoch-looks-add-time-warner-his-media-empire

[doxydad]

1. won't happen

Murdoch would have to divest of CNN, other TV and radio outlets, so this is probably unfounded. Yeah, he will ry to snare Time warner, but the FCC, SEC will undoubtedly not allow it.