The names in this potential mega-merger say it all: it’s about legacy. Twenty First Century Fox – $79bn in market value – has had talks with Time Warner – $63bn – to combine as a media goliath encompassing entertainment, film and sport, valued at $142bn. Some news, in the form of Time Warner’s underperforming channel CNN, would probably have to go to assuage regulators.
Time Warner has rejected the bid, partly because of the offer of non-voting stock from Fox. Yet Rupert Murdoch, chairman of Fox and
83 years old, may not give up easily. He plans to assure his company’s survival for the next century – including against a competitor that has yet really to trouble it: Google.
您已阅读37%（679字），剩余63%（1142字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。