Expect continued media consolidation, because scale matters, 21st Century Fox vice chair says [CNBC]
Fox Corporation - Class A (FOXA)
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Source: CNBC
show chapters Media consolidation will continue as companies compete for unique franchises and greater scale, 21st Century Fox Vice Chair Chase Carey told CNBC on Tuesday. To be successful, you either need scale that enables you to compete with the world you are heading into or really unique franchises that enable you to distinguish and build value off those unique strengths, Carey said in an interview with CNBC's Julia Boorstin . Carey's comments come on the heels of Comcast 's $40 billion takeover of Sky Media, which is just the latest in a torrent of mergers and acquisitions across the media sector. Comcast successfully outbid 21st Century Fox for the Sky assets in an auction that pitted two of the largest U.S. media companies against one another. Carey painted 21st Century Fox as a winner in the transaction. For Fox, first, we had gone into that initial transaction owning 40 percent, we said we should own and control, or monetize. To be
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FOXA
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- 2/7/24 - Beat
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- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- FOXA's page on the SEC website