Murdoch’s Bid for Time Warner Rebuffed… for now.
Media Mogul Rupert Murdoch, owner of 21st Century Fox (Fox News) has already had an offer rebuffed once to buy Time Warner, which owns popular channels TBS, TNT, CN and HBO. But he’s regrouping to try again. This move would make a mega-corp, in competition with Comcast, which is already in the middle of a much-contested and discussed merger with Time Warner Cable. The Warner Brothers movie studio would also be part of the deal, and would give Murdoch bargaining power with providers like Comcast if it goes through.
Murdoch’s plan, according to those in the know, is that he wants to have a megacorp to pass on to his family before he steps down. That means new blood.
But what about Marvel Movies!?
Sorry fans, this means all of nothing to the Marvel Cinematic Universe, which is owned by Disney. The Fantastic Four will not return to the family fold. Nor does this do anything for Spider-Man, still owned by Sony for the time being.
However, 21st Century Fox owns the dreaded Fox network — scourging axe of cancellation dropped on a lot of geeky media. Would this mean HBO, owned by Time Warner, would have to fall in line under that same cruel dangle-and-snatch policy? Only time will tell. We’ll have to keep our eyes peeled to see if Time Warner continues to rebuff Murdoch’s offers.