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Comcast challenges Murdoch and Disney with $31 billion offer for Sky

By Reuters

U.S. cable giant Comcast offered to buy Sky for $31 billion in an unsolicited approach, taking on Rupert Murdoch's Fox and Bob Iger's Walt Disney in the battle for Europe's biggest pay-TV groupRead full story

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  • Media consolidation on this scale is nearly incomprehensible, and I can’t imagine this will manifest well a decade from now.

  • Ian Myers
    Ian MyersFounder at Country House Enterprises

    National consolidation gives way to global consolidation.

    Given how far down the road Fox is, it seems like Comcast saw an opportunity to bid them up, and took it. That being said, the Comcast acquisition makes sense. They align with Sky in many ways and don’t carry the regulatory burdens or cultural stigma that comes with Fox’s proposed takeover.

    The bigger picture here is the trend toward consolidation of the already consolidated. The unprecedented centralization of broadcast media on a global

    National consolidation gives way to global consolidation.

    Given how far down the road Fox is, it seems like Comcast saw an opportunity to bid them up, and took it. That being said, the Comcast acquisition makes sense. They align with Sky in many ways and don’t carry the regulatory burdens or cultural stigma that comes with Fox’s proposed takeover.

    The bigger picture here is the trend toward consolidation of the already consolidated. The unprecedented centralization of broadcast media on a global scale has some frightening implications. Especially given that the trio of F(ox)D(isney)C(omcast) is largely controlled by individual visions.

    Who is left to combat the singular control of the media behemoths? Facebook? Yikes.

  • Peter Green
    Peter GreenFounder at FoodMakers.NYC

    This is a major challenge to the Murdoch family's plan to reshape their media empire. Control of Sky has always been key to the UK media strategy of owning major print and broadcast outlets for a comprehensive media and political strategy.It's a brilliant strategy, and it's now potentially at risk. As they say in broadcasting, "Stay tuned for the next exciting episode."

  • Anthony Duignan-Cabrera
    Anthony Duignan-CabreraCEO at ADC Strategy

    Honestly, wrestling any media property off the hands of Murdoch should be considered a blessing.

  • Adaora Udoji
    Adaora Udoji

    Grab the popcorn this ought to get interesting.

  • The media industry brought so wealth to a lot of individuals over the years and this type consolidating cuts out many smaller players enriching a few and driving masses to create newer venues for them, I feel that this will ultimately play in favor of the likes of Amazon to come sweep it all in one go!

  • Trisha Morris
    Trisha Morris

    I love this story

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