The tie-up of AT&T Inc T.N and Time Warner Inc TWX.N, bringing together one of the country’s largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV.
Stocks of some programmers that could attract interest rose sharply on Friday as the deal of the year came together. Discovery Communications Inc DISCA.O gained 3.6 percent, AMC Networks Inc AMCX.O rose 3.9 percent and Scripps Networks Interactive Inc SNI.O jumped 5.6 percent.
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Time For Truth: (Reuters) – AT&T-Time Warner may signal start of new media industry consolidation
“BRICS” is the dirtiest of acronyms in the Beltway/Wall Street axis, and for a solid reason: the consolidation of the BRICS is the only organic, global-reach project with the potential to derail Exceptionalistan’s grip over the so-called “international community.”
So it’s no surprise the three key BRICS powers have been under simultaneous attack, on many fronts, for some time now. On Russia, it’s all about Ukraine and Syria, the oil price war, the odd hostile raid over the ruble and the one-size-fits-all “Russian aggression” demonization. On China, it’s all about “Chinese aggression” in the South China Sea and the (failed) raid over the Shanghai/Shenzhen stock exchanges.