Monday, April 22, 2013

Bloomberg News Plays Matchmaker; Wonders if CBS & Time Warner Will Hook-Up

Time Warner
 (Photo credit: Wikipedia)
It's spring and romance is in the air, which has Bloomberg News all atwitter in an article contemplating a union between thriving media giants Time Warner and CBS.

Time Warner may still be on the rebound from its painful 2009 break-up with AOL, with which it exchanged vows in 2001 to the tune of $124 billion. Both Time Warner and CBS already have dipped their toes in relationship waters as partners in the CW Network.

Bloomberg News reported that both merger candidates are attractive New Yorkers, with CBS presently the broadcast television ratings champ and Time Warner, owner of cable outlets CNN and TNT along with one of Hollywood's busiest movie studios. Whether the match made in broadcast heaven occurs depends largely on the whims of 89-year-old mogul Sumner Redstone, who holds more than three-quarters of CBS's voting rights.

The Bloomberg article speculates that CBS could come with a $35 billion price tag, not including the cost of catering,a band and the honeymoon. Neither of the would-be lovebirds commented for the story.
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