>> yes, because it's similar to the comcast nbc universal. it took a long time to get government approval in d.c., but the obama administration did eventually approve it and experts that i talked to today

comcast/nbcu? both company are doing pretty well. nbc was a terrible network at the time of the merger, and, you know, most of the critiques i've seen are things that don't have to do with the merger itself. if you have some examples -- >> guest: yeah. i mean, the one that what has really came up in the discussion of the comcast/time warner cable was the ability of the department of justice to actually enforce and monitor the behavioral conditions. so the biggest, most marquee example was when disney and news corp. were looking at spinning off hulu, and it would potentially have become a big competitor in streaming. and the allegation was that despite a merger condition that said comcast would not try to interfere with that, there was evidence that brian roberts had gone to the heads of news corp. and and disney who were making these decisions and said, well, you know, maybe you guys ought to consider, you know, comcast might want to invest more in you if you don't do this deal. so a potential new competitor was squashed. this was precis

i'm connect some dots, that he was an adviser, right, in the comcast/nbc universal deal, which means which would effectively be an at&t/time warner-like model. >> it makes sense and validates netflix's model. they're not necessarily the pipe, but they are certainly a conduit and a way to getç the streaming directly with their own content. time warner has tremendous content. hbo on its own is worth a lot more than where it's trading right now. >> bad news on buzzfeed. >> a year after making an investment of $200 million in buzzfeed, nbc universal is doing it again, investing in another $200 million into buzzfeed, the digital publisher, at a valuation of $1.7 billion. this according to recode. as a disclaimer, nbc universal is a parent company of cnbc which also has a minority investment in recode's parent company. >> thank you very much, seema mody. >>> next, we'll hear from microsoft ceo satya nadella. >>> plus mcdonald's one of the worst performing stocks this year, there could be more pain ahead. we'll explain why. you're watching "fast money" on cnbc, first in business worldwi wo

five years ago, comcast and nbc took a long time to get through washington.was eventually approved. it is a similar model. >> did they stay out of the news division? >> i would say they had. with the entertainment side, they had ideas of how they run the movie studio. i would say comcast nbc merger -- >> the "today" show? >> that is a separate matter. a lot of concerns with morning shows. "good morning america" gets played up with disney all the time. you think about the investment. there were positive signs. >> brian stelter. thank you for reporting on us. >> coming up on "new day" i'll talk to the ceo of time warner and also at&t. we will dig deeper into the 6:00 hour. we will ask them what changes for the consumer and for the employees. >>> the ntsb is investigating a deadly collision with a tour bus and tractor-trailer on a california interstate which left 13 people dead and 31 hospitalized. the bus returned from a casino and rear ended the bus 5:00 a.m. on sunday morning from palm springs. >> i will tell you the speed of the bus was so significant that w

regulators allowed comcast to buy nbc because they felt there was no -- this is vertical integration.ame argument at&t is going to use to buy time warner. they did not allow comcast to buy time warner cable, even though those companies are not actually competitors. but they made a net neutrality argument that comcast would own too much of the internet. the question will be, are they going to use the same precedent with comcast-nbc to allow this deal with conditions on it? , have the ball shifted the goal posts shifted, and basically the idea of one company getting really large -- even if there is no particular thing about, they are buying a stillitor -- will that trigger a new administration, a new doj to look at things differently? tom: congratulations on your team's reporting on this transaction. we will drive the conversation forward. who cares about the headline? what does it mean, the strategy and the tactical forward view from at&t and time warner? joining us on radio later today, walter and richard. we are thrilled to bring them to you to close out our coverage this morning. st

sure no licenses change 10, there is no way the fcc is going to stay out of it but i think that comcast nbc good precedent. you say what has happened since? whatthere hasn't been -- bad things have happened that are related to the merger itself? from comcast and nbc? lowe's companies are doing pretty well. nbc was a terrible network the time of the merger. theyou know, most of critiques i have seen are things i do not have to do with the merger itself so i had some examples -- >> i mean, the one -- what has really come up and came up in the discussion of the comcast time warner cable was the ability of the department of justice to actually enforce in monitor the behavioral conditions so the biggest most disney example was when and news corp. or looking at and it wouldhulu potentially become a competitor in streaming and the allegation was that despite a merger condition that said comcast would not try to interfere with that, there was evidence that brian roberts had gone to the heads of news corp. and disney you were making these decisions and say, well, you know, maybe you guys ought to co

vertical integrated companies, including comcast/nbc have often gone through because you're not eliminatinghe horizontal competition. that said, there's a long tradition starting with things like stopping the movie studios from owning the movie theaters, six or seven decades ago. if you can show that a vertical integration will decrease consumer choice and decrease competition, you can make such a case. but, as you point out, it's not clear in the law that a vertical integration meets the anti-trust standards. i'm just saying given the politics of this time you'll probably have a justice department that challenges it. that will tie it up in court for a very long time. and that might make it very difficult for this merger to happen. >> meanwhile, rivals are weighing in. julia bornsten caught up with reed hastings. take a look at this. >> it's hard to tell. it's early. we didn't know anything about it or we're just sorting through it. we want to make it to require that at&t customers that hbo and netflix are treated the same. now that they own hbo, any special treatment for hbo data would be

i think the comcast-nbc merger is a good precedent. you say what happened since then, but there hasn't been, what bad things have happened that are related to the merger itself, from comcast and nbc? both companies are doing pretty well. nbc was a terrible network at the time of the merger. most of the critiques i've seen are things that don't have to do with the merger itself. give some examples. >> the one that, what has really come up and came up in the discussion of the comcast-time warner cable was the building of the department of justice to actually enforce and monitor the behavioral conditions. so the biggest most marquee example was when disney and news corp. are looking at spinning off hulu and what potential to become a big competitor in streaming. and allocation was that despite a merger condition that said comcast would not try to get it there without, there was evidence that brian roberts had gone to the heads of news corp. and disney for making these decisions and setting unit, navy you guys got to consider, comcast might

the deal is larger than the comcast-nbc deal 5 years ago. >>> the first major overhaul in years. it's expected to have a touch screen and allow the user to unlock the computer with touch i.d.. >>> how would you like to live in a thee-floor lost in manhattan's west village for a dollar a month. >> the founder of spareroom.com own, but just for the next 6 months. he's hoping to find a roommate who knows new york and another roommate who is completely new to the area. >> kind of excited by the thought that one or both roommates would be able to pursue their dreams with this opportunity of not having rent to pay for 6 months. >> he's accepting applications on his website through the weekend. >> interesting. >> i'm applying right now. >> see you in 6 months. >> wouldn't you wa them first? >>> that will do it for us here at 6:30. we'll see you coming up at 10:00. >>> cbs5az.com your online home for free news and information. look - i supported joe arpaio for a lot of years... but lately, he spends so much time on tv or in court defending himself that he's not doing his job. he failed t

comcast bought nbc and university stal in 2011 and they bought time warner.remember guys it's 13 months for regulators to approve the comcast nbc, universal takeover. will at&t combining with time warner hurt consumers? it will be a phone company who controls broadband and wireless networks also controlling the content. time warner owns news network cnn,premium entertainment companies like hbo, warner brothers the film studio and tnt which is the home of nba basketball. the doj and congress will all be weighing in. >> see what happens with that today. >> the time is 11 minutes after the top of the hour. adoption nightmare horror. her child refugee is a jihadi in his 20's. >> donald trump campaign refusing to call it quits. he unveils his 100 day agenda. >> this race is not over. many want to say it is over and they are counting donald trump out. >> we have a fair and balanced debate next. >> justin bieber refusing to say sorry to his fans after, yes, another epic tantrum. as we get older, health insurance becomes an important part of our lives. but many peopl

they say the comcast deal with nbc, the comcast deal with nbc.ly like that in terms of it being a big deal. but at&t is a very different company. very different kind of integration and sophisticated stuff they will have to get into. might the regulators and another two big media people getting together. >> hillary clinton has indicated she will take a tough stand on this. >> the bigness of this is going to cause tremendous scrutiny because people are going to say this is an enormous, gigantic, combination of forces and there has to be really strict scrutiny on it. >> the reason why there is an expectation that will get approved after a year-long review is i think at&t and comcaco are similar. watching via comcast or charter or via directv. they are watching some sort of cable or satellite. in the future you're increasingly going to be watching through a mobile connection. you're going to be buying your cable service through at&t or v verizon or comcast. we're going to take cable and say wireless. >> i think you met bigly and that leads us to "sat

so if you want to say that deal was okay and you want to have a competitor to comcast/nbc universal,y to do that is to have a different kind of bund being, but with the new 5gireless -- ilbut you mentioned that combination -- i'm sorry, i didn't want to jump on that, but now some have said because there's disappointment with comcast as to whether it stuck to the provisos regulators had hoped, with hulu, for example, that maybe they've got to be more inquisitive here. what do you think? >> right. well, they're not going to unwind comcast/nbc universal -- neil: right, too late for that. >> now try to promote competition in the marketplace. again, it's a vertical deal. and it's hard to find how the department of justice can sue many in court to block a vrt call deal. that's very difficult, if not impossible to do. then there's the question of the role of the fcc here which is sort of minor because there's only a few minor licenses. twc has one tv station and a few satellite licenses for deliver riff of its -- delivery of its content. i think it's mainly an antitrust analysis that's goin

looking for medial from concussed -- and from a deal from comcast, crew bought nbc universal. that got through fairly smoothly. asically comcast agreed to number of conditions that were essentially aimed at protecting competition from online video distributors like netflix. so this basically -- this at&t deal mirrors that deal because it is uniting a distributor with a content provider, just like the comcast deal. at&t is looking at that as a playbook. i think the same issue that regulators are looking at and the comcast deal will come up again. i think the challenge though for mentioned as an introduction, there is an election going on. donald trump came out against the deal. this is going to be decided in a new administration, whether that is all trump or hillary clinton. besides, donald trump, clinton has made antitrust enforcement a priority for her campaign. i think the environment might be tougher. it is coming after some big challenges by the justice department against some very large deals on antitrust grounds. much david, staying up for us late in washington. let's che

in addition, the acquisition by -- of nbc universal, by comcast, contains some restrictions, which ishere are some suggestion that some of those restrictions are not being applied as tightly as they might. so they might look more carefully at what restrictions they apply to this deal the terms on which at&t can offer time warner product and so onto make sure that they stick. >> mr. mcdowel, of course judge mukasey raises, there was another deal unable to be completed because the fcc cited broad market power particularly as it applied to broadband. market power is one concern people keep bringing up, is that a valid concern, and perhaps the fcc if they rule here will keep in mind? >> as the judge pointed out and you pointed out at the outset, this is a vertical merger. they're buying a supplier, not taking out a competitor like with the at&t/t-mobile attempt. it's hard for me, i'll defer to the judge, i can't think of when a merger was blocked. it's ancient history at best. so there is jurisprudence here. there is legal precedent. there is the rule of law. and really doj's only remedy

>> the merger here is very different from nbc and comcast in this respect -- it involves wireless.t's a national platform. and it involves more than just one platform. there are several platforms. whereas comcast and nbc really involved one platform and it was limited to certain parts of the country. so the dimensions here, the magnitude, is very different. and the potential imp lications for competition, negative harm to consumers are very different. these mergers are always just y justified by potential promises of benefit, the unknown technology. and i've heard that promise of potential before. we all heard it, on the airline mergers, not really all that beneficial for consumers. a lot of those promises have proved to be unfounded. so rigorous scrutiny is well founded here. >> senator, when did the antitrust lines politically get blurred? because conventional wisdom would tell you that the republicans would want less government, less regulatory involvement, they would want to let companies do their thing, and that it would be the left that would actually have the heaviest hand i

they both really took a really good strong, hard look at comcast nbc universal. this deal is in the shadow of that a couple years ago. if they take a close look at the deal, there were some fines later on for them not going ahead, not applying the remedies properly. that was demanded in them. but politicians are having a real go at this. they will probably have to do that through the fcc. the fcc is under an informal capacity into the doj that could help. and sound bites obviously like vertical integration is a big sound bite between the two companies. >> what do you make about the price? the aol time warner deal is $160 billion. a lot of people are saying there are no similarities because aol was sold value to the tech bubble. and we are not seeing a similar environment. >> well, time warmer leads to this deal, so obviously they have a price that they think is fair. obviously, there's a lot of anti-trust risk here. so we've got breakthroughs involved, it's going to take a while to get through. perhaps that's in the price of it as well. >> do you think there's a

>> that is the big question and what everybody is pointing so is the comcast, nbc, universal deal thatappened in 11 and was megadeal and much smaller at this at 34 billion dollars. if you look at prices since then they have not meaningfully changed. it's unclear if the consolidation of these companies coming together will ultimately lead to higher prices. at the same time, at&t wants you to buy more video, consumer video and that means more data and more broadband usage. >> is $85 billion a good price? >> it is a rich price! time warner is going out on top! no question about it. 36% premium. they have scored for their shareholders! >> and what about verizon and yahoo!? >> i'm hearing from multiple sources the deal is going to go through. but as a lower price. verizon is committed to buying yahoo! but they are renegotiating the price up to, perhaps $1 billion on a $4 billion deal because of that data breach, i'm hearing senior people inside of verizon knew how big the breach was, which is giving verizon all of the leverage. >> all the way through the top? >> all the way to the top. i'm

that's almost three times as large as the comcast/nbc merger about five years ago. in that case, government regulators spent more than a year reviewing the deal because comcast, the big cable provider reaches tens of millions of homes and owned valuable cable channels. ultimately, that was approved with conditions by regulators in washington. the experts i've spoken with expect a similar outcome here. this deal will take over a year to be reviewed in washington and will eventually be approved with conditions. in the meantime, time warner ceo jeff buick as will remain in charge. he spoke with him briefly. he said this is positive for customers, it's about making sure they can receive content, news and entertainment in a variety of new ways. the reality is that's how the media world is changing whether or not this deal happens. you can see it every day in the way you and i interact with media. you may be watching in on a cell phone or texting or e-mailing while it's happening. the future of media is mobile centric. that's what this deal recognizes and represents. it's

you know what this experience is like, comcast beat nbc universal and that is the case for that, they'velready done this once. >> even in that case, comcast actually had monopoly power in cable in certain geographic areas. wireless is one of the most competitive spaces, and so is content. >> the difference here is comcast had a regional footprint, only affect customers in certain parts of the country, at&t can do this across the u.s. and for that matter in mexico, latin america. >> but it is a vertical integration deal. at the end of the day, do consumers have less choice? the competitive dynamics are different. going forward, mobile, video streams everywhere, the competition looks broader than just cable. it's google, facebook, amazon, netflix, and that is a wide berth for them to make that argument that this is far more competitive. >> as said this morning, i think netflix is going to be okay. he said i think amazon is going to make it in the end. you buy that? you buy their line? >> i do. i think this thing happens. will it take time, will there be a lot of looking at it? absolutely.

one of them was the approval of comcast and nbc.h a lot of tough conditions. >> so you think they should follow that. okay. >> can you go back to the nixon thing? i didn't quite get it. how is this related to the current topic? >> there were many charges in the articles that came out of the house. but one of them was that he had improperly interfered with a merger review. i'm just saying presidents aren't supposed to do that. >> so it could be grounds for impeachment if donald trump were to win and -- >> first we have to imagine that he's elected. second we have to imagine that he meant what he said. >> nixon was charged. that didn't mean he did it. >> that's a different point altogether, right? >> i understand. but this is how things get -- oh, he did that. he did -- stop it. >> i think he's making the point if donald trump did it -- if if if. >> that's me point i'm making. >> if we look at the stock market now, investors are betting this transaction did no better than a 50/50. you're saying you believe this goes through with condi

much like the comcast/nbc universal five years ago. >> thank you so much. you can watch brian's show, "reliable sources" tomorrow at 11:00 a.m. eastern on cnn. >>> in a state that has been deeply red for two decades, we find a dead heat between clinton and trump. up next, how georgia came into play. and, sprint saves you 50% on most current national carrier rates. save money on your phone bill, invest it in your small business. wouldn't you love more customers? i would definitely love some new customers. sprint will help you add customers and cut your costs. switch your business to sprint and save 50% on most current verizon, at&t and t-mobile rates. don't let a 1% difference cost you twice as much. whoooo! for people with hearing loss, visit sprintrelay.com. >>> with fewer than 17 days to go, voters in georgia are casting their ballots. hillary clinton is hoping to pull out a win in a state that has voted for a republican presidential candidate since 1996. an atlanta journal shows donald trump is just two points ahead among likely georgia voters. details o

. >> has it done anything for comcast, nbc? >> comcast runs the cable business well. and nbc runs the content business well. but one doesn't necessarily boost the area. that's what i think. >> a slow growth company like at&t, what do you do when everybody already has -- >> so you want to change your service, fine. but by owning time warner, it's not going to help you because hbo, cnn, turner networks, all that stuff has to be as widely distributed as possible, meaning you can't cut out other distributors. >> wouldn't you say, for example, if you get an at&t wireless phone, you get hbo go at a cheap rate. >> you can't do that. >> you have to offer the same rate to other distributors then. >> you want to weigh in here? >> i'm more skeptical about the odds that this is easily approved. i think that they have to get fcc approval, and that is a very loose standard that can be very politicized and very difficult to get the deal through. they are trying to avoid the fcc. if they go through the department of justice, it is anti-trust. this deal legally could pass muster, but i

we saw comcast acquire nbc, that's gone through a couple of years ago. do you expect this deal to go through? >> the people we talk to do generally saw push-through. promises that they're not going favor time warner's content and things like that. maria: one of the issues that donald trump and bernie sanders and hillary clinton frankly, it's too much power in too few hands. one is the content and one is the pipes that would carry the content. do you see overlap of power here? >> well, there's certainly a lot of power but it's a vertical merger not a horizontal merger as ceos were saying yesterday. if you want to buy a supplier, that's okay, you can't buy your competitor. kevin: we saw that there was some remorse over the comcast transaction, what do you they they will give up in the case? >> i think promises of not favoring time warner's content. the spirit of net neutrality. i also think that hulu will be an interesting one. that was an interesting in the comcast merger that got blocked recently. maria: in what way, explain the hulu. >> the question was

just think about comcast buying nbc. of a legacy cable provider buying an entertainment company. and again, there are arguments there that that is not the greatest cultural fit, either, but that has worked at to be a pretty good investment on comcast's part. matt: you say there still could be a big chasm in the prices both of them think the asset is worth. but what kind of valuations are these type of assets getting? if you look at, for example, multiple or ebitda. are we looking at six times ebitda, eight, 10? alex: think more like 10, 12, that range. it used to be they were lower, but content has been fairly steady, let's say somewhere between the eight to 12 times ebitda range for several years now. it is a pretty consistent business. certainly there are pressures. fewer people are watching cable tv. that is very well known. but time warner's a fairly diversified company. they have warner bros., of course they have hbo, premium networks, tnt, tvs, your more classic -- tbs, your more classic cable networks. they have a

. >>> comcast nbc universal is one of the media partners for hidden heroes.ll cover this effort in the coming months. >>> that's it for us this hour. thanks for being with us on msnbc. more headlines for you right here throughout the night. using 60,000 points from my chase ink card i bought all the fruit... veggies... and herbs needed to create a pop-up pick-your-own juice bar in the middle of the city, so now everyone knows... we have some of the freshest juice in town. see what the power of points can do for your business. learn more at chase.com/ink >>> i could not believe it. i couldn't imagine anyone would ever want to hurt her. i had no idea what could have happened. >> married to her high school sweetheart meant everything to her. >> there was always a lot of talk about children. she wanted grandchildren. >> but it all went up in smoke the night she died in a

you know, this is very similar to a deal that comcast did when it acquired nbc universal. and that deal was approved by regulars but comcast had to agree to a lot of really tough conditions that in some ways has hamstrung nbc. emily: so, john, jerry mentioning comcast acquisition of nbc. in your experience, did that impact nbc at all? john: it does not seem to have from the outside, except maybe in a sense providing a little more clarity of management, a little more strategic management. cnn has been through several rounds of acquisition and its lifetime. there are a lot of people at cnn who lived through the turner broadcasting and aol time warner. those had a journalistic heritage. at&t doesn't. it might make it easier because this is a vertical integration, the horizontal. -- not horizontal. if rupert murdoch had succeeded, can you imagine not only fox news and cnn trying to live together, but fx's cable channel and tbs or tnt. maybe it will be easier to get along because of that. analyst was on bloomberg earlier talking about the efficiency of the cable companies and wh

in media to find new revenue and verizon to the same thing after buying aol last year and comcast purchased nbc universal back in 2011. >> developing tonight sucked secretary of defense ash carter landed in baghdad with iraqi army thought of aces and muscle. he met with the prime minister and troops to be debriefed on the fight. meanwhile the iraqi special forces are met several suicide car bombs from ices outside of mosul. they also killed dozens of security forces. tragic news out of spokane, washington with your point identifier with his puppy. the fire started late last night and fire officials said the boy was found huddled with ordeal was heartbreaking. >> the firemen was crying and sitting on the rear bumper of the fire truck and i actually broke out into tears too. it was an emotional evening. >> the other children and 2 adults escape the fire and fire officials say that there were not any batteries in the homes smoke detectors. >> many halloween displays can be eye-catching and some even controversial. now summon oklahoma's hope that their display have some a message with two numbers a

>> yes, because it's similar to the comcast nbc universal.took a long time to get government approval in d.c., but the obama administration did eventually approve it and experts that i talked to today say they believe a similar outcome will take place here. >> and this is a vertical merger, not a mo horizontal mer. >> you're talking fancy words. >> this is more of a distribution business. and this comes two years after murdoch made the fwobid for tim warner. and now they like this one more. >> it's a lot higher. so makes time warner smart for waiting those two years. you can remember the ceo took a lot of heat turning down fox when he did and now this is a vindication for him because it's a lot higher as far as a price tag goes. for at&t, this is a big win too. it can only increase its wireless base so much. so now it has an entirely new base of consumers, of people consuming its content. and it has actual content to offer. but the synergies here are strong and positive for it going forward. and by the way, there aren't too many other media c

it's similar to me to a comcast/nbc kind of deal and, you know, at&t has needed to get into the digitaltent space or they felt they've needed to so it makes sense there. other people are wondering if they will help time warner, if not, but i think there might be some other buyers that might enter the picture. you can imagine news corp. coming back in and looking at it. that seems to be to me a fit that makes more sense. but a lot of these pipe companies like at&t and comcast and verizon, obviously, are getting into the content business or feel they need to going forward so they have digital -- unique digital content offerings. >> if you're 21st century fox, john, what's going through your mind? >> well, i don't know, but i did talk to peter chernin at barry diller yesterday and raised this because headlines were coming out. they had different reactions. chernin was like yeah it could make sense, diller said no, not really. teaming up with at&t doesn't help you to figure things out. you basically do that if you ear giving up. who nose what these guys' motives are for taking the positions

now, in the past in order to get comcast and nbc through, brian roberts and the comcast family made all sorts of concessions and signs that it would not try to be greedy or a hog or try to influence, for example, hulu in which nbc had a partial interest. some have interpreted that as a disappointment, that it didn't end up that way. i'm not savvy enough to know, but that that experience and maybe that rereit is -- retreat is a reason why this is going to get such scrutiny. what do you think? >> well, i think you just hit on head the problem with this. people say, well, look at the track record of mergers, they haven't always worked out well. in order for two companies to combine, they're forced to weaken themselves first. remember american airlines with u.s. air. okay, two bankrupt airlines, if you want to get together, you have to sell off some of your best gates. so in this case if aol -- if time warner and at&t want to merge, i'm sure they're going to have to sell off some of their best assets. what a shame. what a shame that we make, force companies to be sitting ducks in a world th

you know, this is very similar to a deal that comcast did when it acquired nbc universal. d that deal was approved by regulators but comcast had to agree to a lot of really tough conditions that in some ways has hamstrung nbc. emily: so, john, jerry mentioned comcast's acquisition of nbc. in your experience, did that impact nbc at all? john: it does not seem to have from the outside, except maybe in a sense providing a little more clarity of management, a little more strategic management. so, you know, cnn, too, has been through several rounds of acquisitions in its lifetime. there are a lot of people still at cnn who lived through the acquisition of turner broadcasting by time warner and the merger of aol and time warner. the difference is those earlier acquirers have a journalistic heritage, both of them did. at&t doesn't. it might make it easier because this is a vertical integration, not horizontal. not horizontal. there will not be as much fighting over common ground as there would have been if rupert murdoch would have succeeded in acquiring time warner. can you imagi

ifio go to washington and ask them about the comcast/nbc deal, a lot of them in retrospect would say i'm not sure we like that to begin with, either. there's a lot of things going on in terms of what this concentration looks like. we're entering sort of a new world. >> i have a cable bill, bad cable service i'm stuck with. what does this mean for me? >> the good news, long term, if it were to happen, it is very possible that at&t is going to create a next generation network. you will get your cable bill and get cable everywhere. meaning you won't necessarily need cable or verizon, you'll get it all wirelessly, not just on your phone but in your home. it will bypass everything. and there's an argument to be made that this will accelerate at&t's investment in the next generation service. that would be the benefit. the bad side might be that prices will go up, but prices are probably going to go up anyway. >> does it mean anyone is going to answer the phone when i call time warner? that's really my question. when i call time warner, is anyone going to answer? >> time warner cable is dif

that said, the clearest proxy for this deal is comcast buying nbc. hrough. i wonder when we look at the deal, while comcast did get nbc through, the backlash grew. there was a lot of talk about the free and open internet. it seems it has changed and was changing and they barely got the deal in. >> that deal got through with conditions. there was a lot of talk about the consent decree which was basically comcast could buy nbc but the deal was they had to make sure they sold all the nbc content to comcast competitors. there was an end date on that of 2019 or so. after 2019, comcast could take nbc's content exclusively theoretically. there were no conditions for that part. things expired. >> correct. that is the problem with conditions. if there is an end date, we are getting close to it. i think people are wondering. is comcast going to do something weird with nbc? are they going to take the content exclusive? cory: concerns about an at&t deal are greater. >> i think that is part of the fear. we entered into this new world. what happens if contrast -- c

by regulators, but comcast had to agree to a lot of tough conditions that has really hamstrung nbc inhe way can do business. gerry mentioned comcast acquisition of nbc. did that impact nbc at all in your experience? john: it doesn't seem to have from the outside, except maybe providing a little more clarity of management, little more strategic management. cnn has been through several rounds of acquisitions in its lifetime and there are a lot of people still at cnn who lived through the acquisition of turner broadcasting buy time aol andnd the merger of time warner in the difference here of course is the earlier acquirer's had a journalistic heritage, both of them did. at&t does not. in a strange way, that may help and make it easier because this is a vertical integration and not horizontal there will not be as much fighting over common ground as there would have been say if rupert would have succeeded in acquiring time warner. could you imagine? not only fox news and cnn trying to live together, but fx cable channel and tnt or tbs fighting over the pie. maybe it will be easier to get

a lot of people are looking at comcast buying nbc universal in the not-too-distant pass as a model, aplate of how to be successful. there was value there, it's our parent company, we should disclose, but both for the regulatory template and the strategic value that randall stephenson sees in time warner. >> in theory it makes sense. we'll see how it works this practice. because you'll have a lot of distributors that want to have access to the content at the same level of everybody else. so i think the big regulatory hurdle will be some kind of mandate of open access. >> ivan, one quick point here, i was speaking to a senior telecom exec, a former telecom exec i know very well, and he said the first thing he thought of was how much debt at&t will have if the deal goes through. how should investors view this leverage by the likes of an at&t? >> it is going to be a lot of debt. they have $120 billion and will add another $86 billion. so that is a lot of debt even though in theory the model has a lot of cash flow. it is a cause of concern as well. debt is great when things go well. it's n

. >> some have been raising the comcast nbc merger and saying it has been failing to keep some promisesmade under that deal. does that hurt you? does some of the arm chair quarterbacking after that deal hurt you at all? >> i mean, when the regulators looked at comcast/nbcu, there were two concerns. net neutrality and over the top video. if you look at this transaction six years after that, the net neutrality debate, i think it's over. the case was settled by the circuit court and i think net neutrality is behind us. over the top, i think netflix is somehow going to make it. i think they're going to pull through and they're going to make it. >> let me ask you about cnn and its independence here. cnn is just one of the many, many name brands that are in the time warner stable. but you have said that at&t will not be reaching into how cnn does its business or tells its story. >> i watched how jeff manages this business today and i think it's a model for how we want to manage it in the future. look, i think if a brand like cnn and the key variable of your brand is your independence. when pe

the biggest since comcast bought nbc universal in 2011. the largest of its kind means it faces a lengthy review by regulators. the fcc was criticized for approving the comcast deal. some now are already calling for meetings about the proposed deal. this gives consumers what they want. this is not a horizontal merger. these are not similar companies. time warner is entertainment company to provide content to at&t. 140 year old communications giant. time warner stock climbed 8% since the news broke. it is up another 3% in pre-market trading. we will talk to the chairman of time warner and the chairman of at&t. we will ask about consumers. $85 billion deal. what changes for consumers? >> this will be worth watching to see you navigate a confrontational interview with your current boss and future boss. tune in to watch that. >> i haven't thought of it that way. >>> up next, the battle for mosul. kurdish forces now within five miles of the occupied city. the operation is already taking a toll. isis reportedly slaughtered dozens of civilians. a l

one thing people criticize comcast for when comcast art nbc universal is how do these cable guys frommake nbc universal successful? they really do have to take a cue from the media people. they have already partnered with peter sherman. there are certainly strong signals that they will defer to the experts in the fields. david: there is a wonderful image today, looking at 40 or 45 companies that he might he interested in. there are certainly strong what doing know about what kinds of companies they are looking at? at&tat we heard is that might be looking to make an acquisition to 50 billion, and that is a big range of companies . might be like disney out of the question but there are a handful of smaller companies, abc networks, discovery, script might be a possibility. a joint venture between viacom at&taramount pictures, made a bid, a strong approach to buy stars and they looked at other options. they looked at paramount and some analysts are saying time warner might be on the table as well, which owns is to -- hbo. it will be interesting to we will talk to you again. our thanks. da

that's why comcast bought nbc universal.flix and amazon are developing original content. >>> wall street could start on a higher note. merger news, futures are higher this morning. and the markets are coming off of a positive week despite a mostly down day on friday. look for data this week on housing, consumers confidence and the first report on third quarter gdp. it's also the heaviest week of earnings season with names such as apple, boeing, gm, ford and amazon all set to report. on friday, the dow fell 16 to 18,145. the nasdaq doze 15 to 5,257. back over to you. >> we'll see ywhat happens toda. thanks, landon. >>> we tracked a few showers through the area first thing this morning. they're already falling apart. the wind, though, that's just getting started. look at the flag in center city. 56 degrees. chillier air is moving in. the temperatures is cross the neighborhoods are still coming down. 5:28 is the tile. let's find out how traffic is moving this morning. jessica boyington back in the first alert traffic center. >>

additionally, comcast's purchase of nbc concentrates far too much power in one massive entity that is trying to tell the voters what to think and what to do. deals like this destroy democracy. and we'll look at breaking that deal up. and other deals like that. they should never, ever have been approved in the first place. they're trying to poison the mind of the american voter. every woman lied when they came forward to hurt my campaign. total fabrication. [ applause ] the events never happened. never. all of these liars will be sued after the election is over. [ cheers and applause ] but a simple phone call placed to the biggest newspapers or television networks gets them wall to wall coverage with virtually no fact-checking whatsoever. here is why this is relevant to you. if they can fight somebody like me, who has unlimited resources to fight back, just look at what they can do to you, your jobs, your security, your education, your health care, the violation of religious liberty, the theft of your second amendment. the loss of your factories, your homes, and much more. look at what

at&t time warner would be the biggest media deal since comcast bought nbc universal in 2011.n this case, a it and t would get time warner from hbo, cnn, tnt, tbs, warner bros., the cartoon network and others. at&t, known for its telephone, wireless internet and satellite services is looking for growth. it tried to buy t-mobile in 2011, but regulators killed the deal. now it's looking at video. which accounts for most of the content pushed through its pipes. and that's why it bought directv last year, for about $50 billion. instantly making at&t the biggest player in pay television. >> when you think about how content is being consumed today, more and more millennials are consuming content over tablets and smartphones. when you think about the opportunity, there is a tremendous opportunity to push content. >> companies like apple, google and verizon are all aiming to get into the streaming game. risk? media bets carry plenty. in 2000, aol bought time warner for $160 billion. at the time, it was the largest corporate takeover. >>. but the two companies never got in sync. today'

this is the biggest deal of its kind since comcast acquired nbc/universal five years ago.joining me now for more analysis, and what it might mean for you, is one of the "wall street journal" reporters who broke the news, keach hagey. so why did they do this? >> well, the reason is both companies are facing rapidly changing world, where basically your telephone is becoming your television. and they have gotten it different ways. at&t is facing slower growth on its side. they need to grow by acquiring businesses. as we've seen them do, they acquire directv. and time warner is struggling with the fact that people are migrating away from paying these big fat cable bills where a lot of their money comes from. they are going on to streaming services, to netflix and their business is being cramped. and the other thing is time warner is one of the prettiest girls at the dance, a lot of people call it. they are a company that could be bought. and as the industry is facing this koition, they're going to be the first one to go. >> so now we have these titanic forces lining up much we

guy: if nbc comcast works is it a good deal,? >> thae jury is still out.that owning contest gives you an edge with customer acquisition, however, negotiatingove leverage of other people. jury is out. guy: thank you very much. sarah simon. we have got to talk about syngenta next, m&a. it seems as if the regulators are having a big impact on the deal. it seems we have seen a nest in terms of one of the regulatory filings, in terms of the things that need to change. you can see the stock is reacting fairly violently. we'll take you back to this deal and give you the details when we come back. syngenta trading down by 7%. it will issue an update with third-quarter earnings, next. ♪ caroline: welcome back. the big breaking news of the morning has been syngenta shares, dropping after the eu says that can china and syngenta have failed to make early-stage concessions in the takeover deal. they have until october 28 to approve the deal without conditions that could then extended to a deeper investigation. we are joined from brussels. give us the details -- how muc

as a executive with comcast, nbc and universal and own the olympics between now and 2032, i'm blown away by her olympics accomplishments and accomplishments as a human being. born and raised in east saint lewis. the community center that kept that community going closed as a young person and when she had all that success at ucla squu lumpics she could have gone anywhere and done anything but she decided to go back to east saint lewis to go back to her home town community and created a foundation and opened her own community center in east saint lewis which she supports and runs today. [applause] and her passion and commitment to making the lives of young people and seniors in east saint lewis literally makes her a hero. i can't gee prouder to be associated with jackie joyner-kersee. before i bring her up i want to show a video that will get you in the mood to hear from jackie so let's role the last video. >> jackie joyner-kersee [inaudible] greatest female athlete. standing with the worlds greatest. the reining queen of track and field. the opening of the [inaudible] jackie joyner-kersee