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AllTideUp Offline
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Post: #1
Theories and Predictions
It's quiet around here so I'll post something speculative.

The number of major players in mass media are shrinking as this entity buys that entity, such and so forth.

Anybody else been watching the ongoing bidding war over Britain's Sky?

FOX and Comcast are bidding against each other for the remaining 61% of Sky

A few tidbits from the article:

Quote:As of late this week, the U.K. government has given final clearance to Fox's bid for full ownership of Sky, of which it already owns 39 percent. Comcast previously got clearance to proceed with its pursuit of Sky. That means that "both offers for Sky are now capable of being put formally to Sky shareholders," Sky said Thursday afternoon London time, with the independent committee of its board set to continue to evaluate all new bids going forward.

And Wall Street expects the bidding showdown to continue further into the summer.


Quote:Fox and Comcast on Thursday didn’t disclose their plans for further bids. Comcast said it would close the deal before the end of October. But investors and analysts, along with a banker not involved in the bidding, don't expect Fox to sit idly by. They expect Disney will support Fox's battle for control of Sky since Disney is also looking to buy many of Fox's entertainment assets in a second showdown with Comcast.


Quote:Some on Wall Street continue to hope that Comcast will focus its pursuit on Sky and leave the remaining assets Fox has agreed to sell to Disney, allowing both sector giants to claim a victory. In the bidding for Fox, Disney is the frontrunner, with a $71.3 billion offer that trumped Comcast’s $65 billion.

“Thematically, splitting the baby looks good for both Disney and Comcast,” said B. Riley FBR analyst Barton Crockett in a report. “Investors have been concerned about a costly bidding war. We thought from the beginning that the best outcome would be splitting the baby, with Comcast getting what we thought it wanted most (Sky) and Disney keeping the rest, and avoiding a controversial detour into the (pay-TV) distribution business via Sky.”


Quote:Richard Greenfield of BTIG notes that Disney CEO Bob Iger has called Sky the “crown jewel” of the Fox assets that Disney is trying to acquire and that the company has already created a division dubbed “international and direct-to-consumer," so it is unlikely Iger will back away from Sky for any reason.

There's a WHOLE LOT going on here.

If you want to muddy the water even more then take a gander at this...

(Beware...this article is from Market Realist and I had trouble getting it to load and work correctly.)

Why Comcast wants Sky so badly


-Anyway, Comcast wants to buy not only cable and internet customers from Europe, but also content including sports(English Premier League mostly)...

-Amazon may be interested in buying some of the RSNs from FOX.

-Britain's regulators want Disney to bid independently on the remaining portion of Sky that they haven't already purchased in the FOX deal.

This whole convoluted mess is so much bigger than I thought it was.

These media companies are going to war with each other on a global scale although it seems FOX and Disney have formed an "alliance."

I think we all thought Murdoch and company were getting out of the business essentially, but they are going hard after the majority of Sky so I don't think they plan to turn around and sell off that asset. That would also make it look unlikely that they would sell New Fox to Amazon or another suitor although that may never have been a legitimate rumor anyway.

Here's the speculation part...

Would a company like AT&T Warner want to buy a network like CBS? Yeah, none of that is in the articles I posted. I'm just throwing that out there because that's really the only missing cog for that company domestically. That and CBS doesn't already belong to a media company that has its hands in multiple pots like all the other broadcast networks. I mean, Comcast owns NBC so that sort of deal has already been broached.

All of this has me thinking that the college sports landscape is not nearly as significant to these networks as I previously thought and I had already begun to think it wasn't remotely priority #1.
07-15-2018 03:27 PM
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Post: #2
RE: Theories and Predictions
(07-15-2018 03:27 PM)AllTideUp Wrote:  It's quiet around here so I'll post something speculative.

The number of major players in mass media are shrinking as this entity buys that entity, such and so forth.

Anybody else been watching the ongoing bidding war over Britain's Sky?

FOX and Comcast are bidding against each other for the remaining 61% of Sky

A few tidbits from the article:

Quote:As of late this week, the U.K. government has given final clearance to Fox's bid for full ownership of Sky, of which it already owns 39 percent. Comcast previously got clearance to proceed with its pursuit of Sky. That means that "both offers for Sky are now capable of being put formally to Sky shareholders," Sky said Thursday afternoon London time, with the independent committee of its board set to continue to evaluate all new bids going forward.

And Wall Street expects the bidding showdown to continue further into the summer.


Quote:Fox and Comcast on Thursday didn’t disclose their plans for further bids. Comcast said it would close the deal before the end of October. But investors and analysts, along with a banker not involved in the bidding, don't expect Fox to sit idly by. They expect Disney will support Fox's battle for control of Sky since Disney is also looking to buy many of Fox's entertainment assets in a second showdown with Comcast.


Quote:Some on Wall Street continue to hope that Comcast will focus its pursuit on Sky and leave the remaining assets Fox has agreed to sell to Disney, allowing both sector giants to claim a victory. In the bidding for Fox, Disney is the frontrunner, with a $71.3 billion offer that trumped Comcast’s $65 billion.

“Thematically, splitting the baby looks good for both Disney and Comcast,” said B. Riley FBR analyst Barton Crockett in a report. “Investors have been concerned about a costly bidding war. We thought from the beginning that the best outcome would be splitting the baby, with Comcast getting what we thought it wanted most (Sky) and Disney keeping the rest, and avoiding a controversial detour into the (pay-TV) distribution business via Sky.”


Quote:Richard Greenfield of BTIG notes that Disney CEO Bob Iger has called Sky the “crown jewel” of the Fox assets that Disney is trying to acquire and that the company has already created a division dubbed “international and direct-to-consumer," so it is unlikely Iger will back away from Sky for any reason.

There's a WHOLE LOT going on here.

If you want to muddy the water even more then take a gander at this...

(Beware...this article is from Market Realist and I had trouble getting it to load and work correctly.)

Why Comcast wants Sky so badly


-Anyway, Comcast wants to buy not only cable and internet customers from Europe, but also content including sports(English Premier League mostly)...

-Amazon may be interested in buying some of the RSNs from FOX.

-Britain's regulators want Disney to bid independently on the remaining portion of Sky that they haven't already purchased in the FOX deal.

This whole convoluted mess is so much bigger than I thought it was.

These media companies are going to war with each other on a global scale although it seems FOX and Disney have formed an "alliance."

I think we all thought Murdoch and company were getting out of the business essentially, but they are going hard after the majority of Sky so I don't think they plan to turn around and sell off that asset. That would also make it look unlikely that they would sell New Fox to Amazon or another suitor although that may never have been a legitimate rumor anyway.

Here's the speculation part...

Would a company like AT&T Warner want to buy a network like CBS? Yeah, none of that is in the articles I posted. I'm just throwing that out there because that's really the only missing cog for that company domestically. That and CBS doesn't already belong to a media company that has its hands in multiple pots like all the other broadcast networks. I mean, Comcast owns NBC so that sort of deal has already been broached.

All of this has me thinking that the college sports landscape is not nearly as significant to these networks as I previously thought and I had already begun to think it wasn't remotely priority #1.

One form of power is the control of information. But what the ultimate motives are here are hard to discern. Is it the control of information, is it market reach for profit, or is it other? Of course sports are ancillary. ESPN is ancillary to Disney's primary objectives. What Comcast is up to is a wholly other matter.
07-15-2018 03:46 PM
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