Fox tried to buy Time Warner for $80 billion

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Rupert Murdoch, owner of 21st Century Fox (the movie and TV divisions) and News Corp. (home of Fox News) has made an offer to Time Warner (which Time Warner’s rejected) to buy the entire company for $80 billion. Supposedly, he’s mainly interested in the home of Bugs Bunny, Superman, and CNN for HBO:

Fox tried to buy Time Warner — and HBO — for $80 billion.

As for the idea of CNN controlled by the purveyor of Fox News, Murdoch/Fox would sell off CNN to make the whole merger pass muster with the feds. Who, I’d hope, would say “no,” as the last thing the media landscape needs is A) an even bigger/more influential News Corp.,  B) an even more massive media conglomerate, and C) control of the media landscape in even fewer companies. Of course, they should be saying no to Time Warner Cable (now unrelated to Time Warner) and Comcast merging, but I suspect that won’t be happening, either.

Related to cartoons, this merger would put the Fox library of characters under the same corporate “family” as the major Time Warner libraries of characters: DC Comics, Hanna-Barbera, Cartoon Network/Adult Swim, and Warner Bros. Animation (i.e., Looney Tunes). Fox’s animation library consists of “The Simpsons,” the Seth MacFarlane batch of shows, and Blue Sky, the animation studio that produces the “Ice Age” and “Rio” films.  Historically, Fox was the distributor of Terrytoons (Mighty Mouse, Heckle and Jeckle) to theaters, but the Terrytoons library was sold to CBS in the 50s. The MacFarlane shows have aired on TBS and Adult Swim for years, so I suppose that much wouldn’t change. However, I do wonder what’d happen with Fox’s owning the movie rights to Marvel’s X-Men franchise…


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