Ecommerce search results weighing on the business, but the paypal unit showing solid growth. Apple has agreed to pay 450 Million Dollars to settle allegations that it conspired to fix ebook prices. The trial between them and 33 attorney generals was going to start this month. Apple just paired with ibm to improve enterprise business. To our lead story of the day, Rupert Murdoch looking for a new piece to his media empire and hes hoping time warner is the perfect fit. Time warner has rejected the initial bid and murdoch is said to be willing to pay more to get the owner of hbo, cnn, turner, and more. It was first brought to the attention by murdochs deputy over lunch last month in new york. He was concerned about a number of factors including succession plans, the fox share structure, and the future of cnn. I want to bring in senior west coast correspondent Jon Erlichman with us from l. A. Youve been reporting on this all day long. What is the latest on what we know now . Well, look at
Murdoch is said to be willing to pay more in order to get the owner of hbo and all that stuff. People familiar with the matter say he was concerned when a number of factors, including lambs and foxs share structure and the future of cnn. Them andng spoke with a reporter jeff mccracken. He was previously a managing director at time warner investments where he worked with various operating groups, including aol, hbo, time warner, all those. We started by asking what he thinks of the proposed deal. I think this means this makes a lot of sense for fox. What he has them is a shed a core assets. For fox it makes sense because they are buying a crown jewel asset. For time warner i can see why they created a lot of values. They are pushing back on a deal at this point. You have been reporting on this from the beginning. You know how this started to come together. Give us details. It all starts with a friendly lunch in new york. Jeff bewkes gets together with jay scarry and chase drops the idea
He said he would be willing to. Ay more first brought the attention of kerry and lunch in new york. People seem concerned about number of factors, including lands for a share structure and the future of cnn. For more we spoke with Jeff Mccracken and niels akira. Previously a managing director at time warner investments, where he worked with various operating groups. Emily started by asking him what he thinks of the proposed deal. This makes a lot of sense for fox. What jeff has done over the last 10 years is shed core assets and increase value for time warner. I think of for fox it makes sense, they are purchasing a crown jewel asset area for time warner i can see why they think they have created a lot of value. Reporting oneen this from the very beginning. You know how this started to come together. It starts with a friendly lunch in new york in early june. He gets together with chase carey, who drops the idea of a big merger. Then there are three really big issues. One, what is the p
For a new piece of the multimedia empire and is hoping time warner is the perfect fit. They rejected the initial bid of more than 75 billion. Theyre willing to pay more to get the owner of hbo, turner, cnn, warner bros. Over lunch in. New york, people whom i are with the matter say they were concerned about a number of factors including succession plans. Previously at time warner investments where he worked with various operating groups like hbo, all that stuff. In the last 10 years, they shed for assets and increased shareholder value. They are buying a crown jewel asset and for time warner, they are pushing back on closing a deal at this point. You have been reporting on this from the very beginning and you know how this started to come together. Give us some of the details. It starts with a friendly lunch in new york in early june. Jeff bewkes gets together with chase carey and chase dropped the idea on him of a big merger. Is, what is the plan for you . Your contract is up in 18 mo
Get the owner of hbo, turner, cnn, warner bros. All that stuff. Over lunch in new york, people whom i are with the matter say they were concerned about a number of factors including succession plans. Previously at time warner investments where he worked with various operating groups like hbo, all that stuff. In the last 10 years, they shed for assets and increased shareholder value. They are buying a crown jewel asset and for time warner, they are pushing back on closing a deal at this point. You have been reporting on this from the very beginning and you know how this started to come together. Give us some of the details. It starts with a friendly lunch in new york in early june. Jeff bewkes gets together with chase carey and chase dropped the idea on him of a big merger. One is, what is the plan for you . Your contract is up in 18 months and i think my shareholders are going to have a concern about this dual class structure. And what is the future for cnn . They dont get any feedback