Wikileaks--10/22--Times Warner and Charter Merger in Podesta Emails--January 19, 2016
Wikileaks Podesta Emails ^ | October 22, 2016 | FR Posted by cgbg
From:john.podesta@gmail.com
To: ssolow@hillaryclinton.com
Date: 2016-01-19 16:04
Subject: Re: charter-time/warner
See no reason to have a view at this point. Don't think there is any pressure to oppose and make this another example of consolidation; on the other hand no upside in supporting. On Tuesday, January 19, 2016, Sara Solow wrote: > John, > > After you met with them -- I spent about an hour with the woman from > Charter hearing about the Time-Warner merger / their business model / their > policy requests. > > I'm curious what your impression was. > > I actually thought the business case for their merger was pretty > sympathetic. They offer a good product (minimum 60 meg download speeds!) > to virtually all rural consumers, and if the merger fails, they will go > under. Post-merger with Time Warner, the combined company would have about > 21% of the national market for broadband -- a fair amount, but not as big > as ATT-Direct TV. They don't overlap with Time Warner anywhere > currently. They spent $5 bn last year upgrading their networks to offer a > better product than the telcos - which they currently do. > > I also found it interesting that there hasnt been ANY congressional > hearing on > this. Skepticism much lower. > > The FCC is likely to rule in March, so we'll have to have a response by > then. > > Anyway, those were some of my impressions. > > Yours, > Sara >
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All of Podesta's email blatherings are hot air...... The sucker knew he was getting inside info on a merger----that's illegal. Having inside merger info can make someone filthy rich. Easy to find out who among the Clinton Class bought shares.
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HAT TIP WIKI---- Total assets Increase US$63.84 billion (2015)[2] Total equity Decrease US$23.61 billion (2015)[2]
Time Warner Inc. (TWI, also known as Time Warner, at one former interval named AOL Time Warner, stylized as TimeWarner since 2003) is an American multinational media and entertainment conglomerate headquartered in the Time Warner Center in New York City.[5]
It is currently the world’s third largest television networks and filmed TV & entertainment company in terms of revenue (after Comcast and The Walt Disney Company), and at one time was the world’s largest media conglomerate.[6][7][8][9]
Time Warner was formed in 1990 through the merger of Time Inc. and Warner Communications. The current company consists largely of the assets of the former Warner Communications, as well as HBO (a Time Inc. subsidiary prior to the Warner merger) and the assets of Turner Broadcasting (acquired in 1996).
Time Warner currently has major operations in film and television, with a limited amount of publishing operations. Among its assets are New Line Cinema, Home Box Office, Turner Broadcasting System, The CW Television Network, Warner Bros., CNN, Cartoon Network, Boomerang, Adult Swim, DC Comics, Warner Bros. Animation, Castle Rock Entertainment, Cartoon Network Studios, Esporte Interativo, Hanna-Barbera Productions, Warner Bros. Interactive Entertainment and as of August 2016, it owns 10% of Hulu.[10]
In the past, other major divisions of Time Warner included Time Inc., AOL, Time Warner Cable, Warner Books, and Warner Music Group. All of these operations were either sold to other investors or spun off as independent companies between 2004 and 2014.
As of October 21, 2016, AT&T was reported to be in advanced talks to acquire Time Warner........W/ an 80 billion dollar bid.[11]