KQED Nightly Business Report December 15, 2017
Disney in the biggest acquisition in its history will buy most of 21st century fox for 52 billion in stock. It is a transaction that will reshape the media landscape. Disney already powerful in filmed entertainment and sports will become even more dominant after it folds in foxs film and tv production assets and its 22 Regional Sports networks. Its an offensive defensive play aimed at fending off the rise of Tech Companies like netflix, amazon and others that have turned hollywood upside down. Even though the deal was widely expected and first reported by cnbc last month, shares of both disney...