what may be great for report murdoch -- wouldn't it be great for rupert murdoch to be able to acquire his rival? fox news isy since the undisputed leader in cable news right now. if a deal were to happen, regulators would look at that and say you cannot own both fox news and cnn. chances are he would want to spin off cnn. i think ultimately what he really wants is to bulk up his company. the reason for that is consolidation happening on the distribution side -- time warner cable and comcast merger, at&t-directv merger. it makes sense for content companies to get bigger. >> thank you for joining us. our bloomberg news reporter on the story. i will bring in david kirkpatrick, author of "the facebook effect." matches rupert murdoch who wanted to put time warner in play. some of the big silicon valley companies were rumored to have won a time warner -- wanted time warner. >> i would downplay the idea that google would want to buy time warner. they would experience something comparable to what they experience when they bought motorola. a company with an inferior business model. they did no

clearly this is a murdoch and or chase carey operation to be run going forward. he would not be the ceo. neil, having worked inside this industry, how do you think a merger like this would reshape the industry for better or worse? we know comcast is trying to buy time warner cable and at&t trying to buy directv. moreve not seen a focus of players you. >> the distribution consolidation is on the way. that's already started and will continue, which i think is very bad for consumers and very good for those companies. bad for consumers in that it stifles innovation. there is pricing issues in terms of internet activity -- internet connectivity. there has been some consolidation but not to the same level. i think it's going to be necessary for it to happen. billion company with significant leverage given espn and other companies. few warner as recently as a years ago was trading in the $20 billion range. it will be a necessity to consolidate over time. it makes sense from a business standpoint. i'm just not sure it makes sense from a consumer standpoint. >> how do you

and the murdoch family. there is the antitrust situation between at&t and directv and comcast and time warner. he's seizing on a situation where he thinks it's the right time. it's the right time to borrow a lot of money because interest rates are so low. a lot has come together to make a deal make a lot of sense for murdoch. >> a lot of these megamergers don't have a great track record. aol time warner going back a decade. we mention some of the cultural differences, the rivalry between fox news and cnn. do you think there would be cultural differences between time warner and 21st century fox? could those be surmounted? >> i was at time warner during that merger and that cultural fit was very fickle to overcome so i understand the issues that could take laissez-faire merger between -- that cultural fit was very difficult overcome so i understand issues that could take place between a merger. that is less of an issue. at a larger company, fox studios and warner bros., very different cultures. you have differ

rupert murdoch has been doing this for decades. it comes to being entrepreneurial, there are different facets of it. whether it is willing to move quickly on a deal, whether it is willing to try a new business and push aggressively like when broadcast in fox the first place or when it comes to putting people in the incisions of power. a lot of people who work for rupert murdoch over the years have talked about a big company where there is a bit of a startup field because of his interest in moving quickly. in this particular case, while we talk about rupert murdoch, we have to talk about his right hand man, chase carey. of jamesasing role murdoch, one of his sons who has been focused on the television assets. i think with that collection of thinking on the view and a lack of fear. since his twitter account, not a lot of corporate ceos are willing to say what they feel. >> speaking about his reputation, does rupert murdoch have a reputation of being a shareholder friendly? >> it is feeling like this deal may ultimately be a sharehold

impression about why rupert murdoch wants to buy time warner now. it is a perfect complement three asset to what he's got over xbox -- at fox. the cable properties of time warner, hbo, the turner networks get short shrift. they have a massive cable portfolio, but also the content the movie side, which i know everybody laments as a bad business, but clearly is still a big business, especially when you look at the franchise potential, and warner bros. owns dc. 21st century doesn't have marvel of ip enginesort like they do at warner. on the other side, time warner has no broadcast network tofox has fox. time warner has no sports click. -- play. there is amazing synergy. scale in themuch production space. and nowros. television 21st century television at fox are massive producers to read they are the number one and number two producers of tv content for mainstream scripted programming. ilverman, can you describe the difference in culture at 21st century fox and time warner? >> i haven't had the privilege of working at either company, so i can't speak to

parent company and add it to murdoch's global empire. the merger with murdoch, who already owns fox news would have created what would have been even bigger juggernaut, spanning an abundance of channels, movies, television and newspapers including "the wall street journal." 17%, that's how much time warner's stock was up on news of the offer. everybody thinks that rupert murdoch will come back and offer even more money. so murdoch got rejected, but he has a history of being persistent when it comes to his way and usually winning. >> reporter: love him or hate him, rupert murdoch started with a few newspapers in 1950s australia he's grown his influence into a bona fide media empire. today he controls dozen of channels and newspapers. >> you are a socialist. >> reporter: from fox news to "the wall street journal," to hit shows and movies like "modern family." "homeland." "x-men" and "ice age." but it's not enough. after all he's only 83 years old. he wants more media, apparently time warner, the parent company of cnn. last month he made an

what is it about timewarner murdoch wants? does this deal make sense and which companies might be next? julia boorstin has the story. >> reporter: murdoch combining rivals with key complementary assets. fox bringing the broadcast network and cable networks, fox news and fx. while has an unprecedented cable asset, hbo and tbs and tnt. there is also a sports story in this proposed merger. timewarner's tnt and tbs controls rights to nba basketball and fox has been investing to build a sports empire to rival espn with the launch of fox sports 1 last year. less complementary and less competitive, warner brothers and 20th century fox. they have 35% of the share this year. analysts see cost savings in such scale but sources say fox would like to maintain an iconic brand like warner brothers, the largest hollywood studio. it would not include cnn because of fox news. cnn would have to be sold off. it makes sense in the wake of mega distribution mergers, direct tv and at&t, murdoch sees value in the scale of more negotiating leverage b

but if rupert murdoch gets his way it will be with fox. content distributors like comcast joining with time warner cable and at&t and directv can charge with the stuff they produce. that's because at&t and broadband companies won't hesitate to use their outsized market share to squeeze cost concessions from providers for content. we've already seen scorch earth tactics deployed by both sides of these negotiations. last year time warner table dropped cbs for a month because of fees. and if it goes through it will dominate 30% of tv households nationwide. that is heft that can only be met if content providers put on heft themselves. the consumer will probably pay more for tv and streaming video content. however, this all turns up the the landscape over dozens of years. rupert murdoch has earned lots of money and plenty of critics, but there is no denying his drive and determination. >> reporter: he built his global media empire starting with an single australi australian newspaper he inherited 60 years ago. now at 83 his companies have estim

murdoch, he knows what's going on 15 steps ahead.lly speaking, do you think there's an aversion to mr. murdoch in the elite halls of the time warner board room? maybe. there's no aversion to money, though. that's the only thing that matters here. and i will tell you this. i can't tell you who is going to ultimately win. when i talked to my sources out there, they tell you that one thing you don't bet against, you don't bet against mr. murdoch. he's one of the best in the business at this. however, i can't guarantee that he's going to win this. >> no, he may lose. there's a myth here because he tried to get "the wall street journal" family that owned it and said no, no, no. finally they said yes. >> this is a different ball game. this is a company that's done well. its stock has done well and it could do even better and it could get another bid. i mean, i really think, based on my source, i'm scared to say opinion here, but based on my sources, that mr. bukes end game is to get somebody else involved, get a google involved, get an ama

murdoch? what is fox missing that would benefit his company by acquiring tim time warner. >> i believe from what our sources are telling us is that rupert is not going away. this is just the beginning of a prolonged process. if you go back and look how see comcast wooed time warner cable, they just got the deal struck at the beginning of this year. this could be a several-month play. we're seeing the ceos announce today that the rebuff is happening, this is a little bit of a dance, but definitely we have seen rupert murdoch in other acquisitions, they'll stick with it. >> thank you. >> thank you, david. >>> anchorage is home to a diverse population, and some have turned to crime. america tonight's michael opuu went to file this amazing report. >> i guess i'm supposing to code 3 on the south side. so we're going to go a little faster here. >> reporter: lately every night in the land of the midnight sun has been a busy one for this officer. this evening he has been on patrol for a near half hour

last week on the show, we were discussing rupert murdoch's increasingly worrisome addiction, addiction, to purchasing more media companies. most recently his bid to buy time warner, it's sad to watch what's happening here. at this rate he needs media so bad it won't be long until we find him in an alley. the web site, wants to add it to his media empire. [laughter] so he's [bleeped] in an alley for some reason. he's actually rich enough, he could probably buy, that but we also mentioned how since murdoch already controls the fox news channel, which is so good, if he did buy time warner, he would have to put cnn on the auction block, leylanding us to ask for your help with our $10 billion kickstarter campaign to buy cnn some the good news is this: boy there are some real enthusiasm for this idea. we have raised, and this is just

first up the rupert murdoch is consolidating his european pay t.v. assets in the hopes of coming up with enough cash to buy time warner and we look into what this means for the european media industry coming right up then we'll bring you part two of my interview with dr steve the hankie now some voices in the u.s. want to block russia from using u.s. dollar clearing facilities and steve is telling us what effect that could have on the dollar and it's the end of the week which means it's viewer feedback day here on boom bust edward harrison i address your questions comments concerns are live on the show you won't want to miss the moment that it all starts right. now and right now rupert murdoch wants time warner and he's selling off assets to get it friday twenty first century fox said that it was selling its a talian and german paid television assets to british sky broadcasting better known as b. sky b. which is by the way thirty nine percent owned by fox for more than nine billion dollars now this is just the latest sign of consolidation in the euro

is this murdoch exiting europe?.e has a 30% stake in sbkyb does he come back when the dust settles? i don't think he is thinking about that. he is not exiting europe. he still has a big chunk of change invested in bskyb. >> held me and help americans understand where mr. murdoch focuses. is his focus on london and europe? or is he an american guy focused on u.s.? which is it? >> i think he is an australian on chipper nor. he is a newspaperman born and b red. he does not care where the asset is. he is thrilled that the wall street journal is giving papers a run for the money. >> do you agree that he is geographic agnostic? >> i agree. he is an australian newspaper guy, isn't he? he sees the deals and the opportunities where they arise. clearly, this transaction is aimed at improving that. he is prepared to shuffle and take a little bit to make it happen. inwith people off the record his organization, he applies to his managers to make money. that is what drives him is money. and understandably so. that is fair. >> gu

coming up, rupert murdoch's bold plan to take over time warner.ner ceo gives his take. we will be talking with jerry levin. ♪ theesterday we learned of $75 billion bid that rupert madech's 21st century fox for time warner, turned down by the board. i want to go to our senior west coast correspondent jon erlichman. we have had a chance to speak with some of the major players around this wheel. the possible deal that has now been rejected. are trying toe stay in touch with the people directly involved in the negotiations. the sense i am getting is that both sides are gearing up for what could be a fairly long battle. on some fronts i do not think that is a surprise. if you think of the last time rupert murdoch went after something, very publicly, that he really wanted to get in dow jones, that is not a deal that happened overnight. i think it is no secret that fox.really love these time warner assets, they really would love to add them to the fox empire. i think they are concerned on some fronts about what the actual price of these assets are, and c

murdoch sees cable companies coming together. whether or not that goes through, another conversation of course, but he's got a strength in his hand at the negotiating table and much easier to do that when you hold sway over that many more channels at the is a imtime. >> many moving parts. andrew along later with the latest. what he's heard since the very first moments when he broke the story earlier today on cnbc. we look forward to weking andrew ross sorkin back later in the program for the lateste headlines and will update you what stocks are moving as a result of that report. meantime, lots happened here at delivering alpha thus far. some of the biggest investors in the world have already been on the stamp, giving their best ideas. dom if knick chu dominic chu following it all. ideasrevealed. >> stocks on the move. lee on coop-- leon cooper. a number of older picks, more perhaps ones established in his portfolio and new ones. start off with the picks like citigroup. he says is one of his great ideas here pe he thinks that firm

first up the rupert murdoch is consolidating his european paid t.v. assets in the hopes of coming up with enough cash to buy time warner and we'll look into what this means for the european media industry coming right up then we'll bring you part two of my interview with dr steve the hankie now some voices in the u.s. want to block russia from using u.s. dollar clearing facilities and steve is telling us what effect that could have on the dollar and it's the end of the week which means it's viewer feedback today here on boom bust edward harrison i address your questions comments concerns are live on the show you won't want to miss the moment when it all starts right. now and right now rupert murdoch wants time warner and he's selling off assets to get it friday twenty first century fox said that it was selling its a talian and german paid television assets to british sky broadcasting better known as b. sky b. which is by the way thirty nine percent owned by fox for more than nine billion dollars now this is just the latest sign of consolidation in the

if he bias time warner, news will be just what bleep rupert murdoch thinks. even cnn is impressed by the audaciousness of this play, although slightly passive aggressively. >> why is he doing this now? >> he is old, but he's sharp as a tack, his physical appearance does not match his mental acuity. he's worth $13.9 billion. he's 83 years old. >> jon: he's a great businessman, but he farts dust. he's got face like a rotting pumpkin, but he's charming. [laughter] the guy's like "spongebath newspants." when can we expect the takeover to go through? >> time warner said no to rupert murdoch's $80 billion proposal. >> jon: oh, snap. of course, this being time warner, i bet they told him to wait at home for their answer between noon and 6:00 p.m. so i guess it's all over. >> rupert murdoch is not going to give up. >> when he wants something, he does his damnedest to really try and get it. >> remember, he bid for dow jones, the owner of the "wall street journal." they said. no he came back and he came back and he got it. >> jon: he's like the date rapist of media bar

for murdoch's news corp disney viacom time warner and c.b.s. so what are the consequences of america's ever shrinking media landscape is there any way to take back our airwaves these giant media machines joining me now for more on this is jimmy door comedian pacifica radio host and author of the new book your country is just not that into the media wall street and both political parties keep on screwing you even after you've moved on book by the way is illegal everywhere books are sold jimi welcome hey thanks for having me i'm a big fan of your show and i like the fact that you actually give facts and don't pretend that there's two sides to everything like brian williams does an n.b.c. i just saw him on jimmy fallon the other night and he said that he likes to play it right down the middle i didn't know there were two sides of the truth brian two is the truth and that was it i wonder what kind of reporting brian williams would do if he was in england where they have three political parties how do you play it down the middle over there how about

and the murdoch family. is this uncertain environment in d.c.. trust the situation between at&t and directv. i think he is seizing on a situation where he feels it is the right time. it is the right time if you want to borrow a lot of money. interest rates have remained so low. a lot of things have come together in the same period of time. these do not have a great track record. we mentioned some of the cultural differences, do you think that there would be cultural differences to train time warner and 21st century fox and could those be surmounted? >> i was at time warner during that difficult merger. i can tell you that was very difficult to overcome. i understand the issues that could take place if a merger between fox and time warner happen. i don't think the newsgroups could stay as one company. cnn would probably need to get sold to the transaction did happen. culturally that is less of an issue. you have fox to joe's and warner bros., very different cultures. different properties are within the cable networks. it is a really big question a

by murdoch deputy over lunch in new york last month. but people familiar with the matter say he was concerned about a number of factors, including the plans, fox's share structure, and the future of cnn. for more, emily change spoke with jeff and neil, the managing director at general catalyst partners. kneel was previously at time warner investments, where he worked with various groups, and emily started by asking what he thinks of the proposed deal. >> i think this deal makes a lot of sense for fox, and what i think jeff has done over the last 10 years is shed poor assets and increase shareholder value for time warner. i think for fox, it makes sense, because they're buying a crown jewel asset. for time warner, i can see why they think they created a lot of values, so they're pushing back on closing the deal at this pofpblete >> jeff, you've been reporting on this from the very beginning. you know how this started to come together. give us some of the details. >> it all starts with a friendly lunch in new york in early june. jeff gets

and rupert murdoch has been rejected. of a buyout of time warner. we'll talk about thi this with "real money" ali velshi next. @j >> there is big news in the media industry. rupert murdoch's 21st century fox made a huge bit to take over rival time warner, but time warner rebuffed the offer. ali velshi joins us now. what does it mean for rupert murdoch after? >> i saw this after, and i thought, what? $80billion broken down in 60% stock, 40% cash. a lot of people own time warner stock, so this is important. that puts a $20 billion premium on time warner's $60 billion total stock market value. but that was this morning. time warner shot up 17% on the news. it was reported that time warner said no to the deal. why did the stock go up? that's typically what happens when people expect another bid. now to avoid a row with regulators, fox said it would sell cnn which competes with fox news channel. time warner rebuffed the offer, stock is up and rupert murdoch may come back at another bite. and no one ever knows if the first offer is the best offer. >> what

right now, murdoch, 21st century fox, says there is no discussions under way. next question is whether he'll come back with another offer. whether he'll try to make a better offer, sweeten the pot for time warner. >> because the "new york times" is suggesting it is unlikely for him to drop his plans to try to take over time warner. >> they're looking at murdoch's history, and for example, he was interested in buying "the wall street journal" about seven years ago now, looking back. and his first offer was rebuffed. but four months later, that deal got done. this, of course, is a wildly different deal. we're talking about one of the biggest media companies in the country. time warner owns not just cnn but also the bawarner brothers studio, hbo, and i think he has his eye on hbo and turner sports, for example. he could do a lot to combine his company and time warner. but at the moment, time warner is saying thanks, but no thanks. >> stelter, can we play the what-if game? >> go for it. >> what if this deal actually went through and you have under this great big me

now and right now rupert murdoch wants time warner and he's selling off assets to get it friday twenty first century fox said that it was selling its a talian and german paid television assets to british sky broadcasting better known as b. sky b. which is by the way thirty nine percent owned by fox for more than nine billion dollars now this is just the latest sign of consolidation in the european media industry and the deal comes after time warner rejected a billion dollar takeover offer by rupert murdoch's twenty first century fox now analysts expect mr murdoch will make an improved offer to acquire time warner and the sale of fox as european assets could prove that the company with will then have enough extra financial ammunition that it needs to purchase what it wants now in the deal announced friday twenty first century fox would retain its minority stake in b. sky b. and by doing so twenty first century fox remains well positioned to take advantage of any future deals aimed at consolidating europe's telecom and media industries now the deal still needs approval from regulators al

if rupert murdoch made a bid, it would be rejected. and there is, if you go to silicon valley right now, all you hear is talk about content. the googles, you name it, any major company with cash on its balance sheet wants to buy content and i said the minute time warner broke up, it was in play. i think this is not, listen, if you know rupert murdoch, i know you want to get to him, let me make the point. if you know rupert murdoch, he is one of the best in business bidding out these things. he knows what he is doing. i'm sure he will make another bid. i just have a feeling that this is the beginning of a war that someone else will come in on think, james. >> well, i think if you're time warner employee, just my personal point of view you would rather have business and assets run by rupert murdoch than alternative. melissa: alternative. what is the alternative? cbs, abc? to charlie's point seems like they're in play one way or the other. >> charlie is right. somebody is going to buy it. >> they are in play. this company will not be inde

in italy in japan germany to help raise funds to sweeten another potential bid for time warner if murdoch were to acquire time warner an already shrinking. media landscape in america would get even smaller least shrinking in terms of ownership back in one thousand nine hundred three ninety percent of american media was owned by fifty companies but as of two thousand and eleven at same ninety percent was controlled by just six massive corporations comcast for murdoch's news corp disney viacom time warner and c.b.s. so what are the consequences of america's ever shrinking media landscape and is there any way to take back our airwaves in these giant media machines joining me now for more on this is jimmy door comedian pacifica radio host and author of the new book your country is just not that into the media wall street and both political parties keep on screwing you even after you've moved on book by the way is illegal everywhere books are sold jimi welcome. hey thanks for having me i'm a big fan of your show and i like the fact that you actually give facts and don't pretend that there's tw

how rupert murdoch may finance the deal.n moscow to help get to the truth about what really happened. washington and kiev claim to have circumstantial evidence that the rebels shot down mh 17 with a russian-made missile. european investigators say their access to the crash site has been restricted by gunmen. theysian ministers are in ukrainian capital and will soon be joined by the foreign minister. - are in the malaysia cracks to aviation disasters in the. four months. how is the feeling on the ground? it is shock. city,ou walk around the you see malaysians on the street and talk to cabdrivers and hotel staff, they say they can't believe this is happening to the country. the nation is in morning. the flag is at half mast for a third day. ce as faralso indignan as malaysians are concerned. if you ask a social media, you see how malaysians have rallied together. criticism about how malaysian airlines should not have gone on that particular route when flying between amsterdam and kuala lumpur. they have rallied, saying that is

>> people are worried murdoch will overpay and write it down.o the concern is he'll have to pay a very big number to win it and the fox side is doing a very good job of saying, no, it's not happening in this case. >> and you can take away more debt if you offer more cash. and his bigger deals haven't paid back so well. dow jones, he bought at the top of the market for -- >> charlie: but he doesn't regret it one moment. >> he's enjoying it hugely. >> charlie: made ate better newspaper. >> but wrote off half the value in 18 months. >> based on the formia, you would have $10 billion debt in four years, 3.3 billion shares outstanding fully diluted and the family would control it and everybody would be happy. >> charlie: who is the largest stockholder of time warner? >> that is a public company, we have unfortunately -- i have the list and i don't have it. august 15, everybody has to file, charlie, that has 100 million under management and that time you will know, the etfs are the big holders, the state streets, the one black rock owns. >> i think th

murdoch, better than anybody, knows that.he's the guy that let's go back in time, pours more into tv, film, production, so he's seen it before. and i think that informs his judgment today. >> let's throw another one in there. alibaba on the hunt for content. >> yes. and western content that's supported globally. content is king. i would advise investors to look for content assets that may be underpriced but are not that well known. if you have content, generally that's a prehigh valuable company. >> it's a poor time for time warner to be agreeing to anything right now given the likes of comcast and at&t are tied up with their own merger right now. do you agree with that? >> not necessarily. i think it comes back to flushing out the valuable for shareholders. i think what they would consider the best value is cash rather than stock from 21st century fox. cash is king. its mix takes place in favor of cash and i would expect them to want to talk to fox in due course. >> it's a case of watch this space, top pickses right now in t

describing murdoch's interest in time warner.he still covets the owner of hbo, among other potential targets, according to a former news corp. employee, told by executives recently about m. rdoch's interest. the source did not know if murdoch made an approach. can you imagine that? the empire that ted turner built? many people shoulder at that thought. on the other hand, many people, myself included, admire murdoch's business judgment and his ability to surprise and survive in this cutthroat media world. time warner and fox have declined to comment on this or any other potential merger or consolidation. a very, very big if, i think he would have to divest cnn. i will eat my remote control. no. better. i will eat my copy of the new york post if murdoch becomes the owner of cnn. that's all for this televised edition of our reliable sources. we continue on the blog on cnn.com. record world cup ratings and much more. we'll see you right back here next week, next sunday at 11:00 am eastern time. if you can't join us live, set your dvr

murdoch is apparently pressing. we will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. will murdoch add to his empire? how much could it cost him when all is said and done? >> and does it make sense in this environment? we'll talk to bob about that. >>> also, delivering alpha, the conference continues in new york city during "closing bell." already big news today from stanley druckenmiller and from new jersey governor chris christie. we will soon now hear from activist investors nelson peltz and carl icahn. they'll be live on stage there in the city. see if they name names of their next targets. and if they do, you will hear them first right here on "closing bell" today. >> we are looking forward to all of that. first, though, let's see how we close here. looking across markets at a pretty strong performance, aside from the dow up 60 points. bill already mentioned we've got the s&p up about seven today. and the nasdaq lagging but up about 14.

it's not just murdoch.et analysts that maybe other companies will now take a look at time warner because they believe it's in play. >> i salute the insect overlords. >> whoever they are. you can watch brian on reliable sources, this sunday, and every sunday at 11:00 a.m. eastern. please watch it. >> when we come back, he's done it again, people. weird al back with a new album, new soon-to-be hit album. he's here to talk about it. ♪ ♪ ♪ save it for later ♪ then i deal with fungal, bacterial formation, microbes ♪ ♪ really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... h stpr ne guy: woman: but, but, jimmy. the one you want. all of these travel sites seem the same. c

because of rupert murdoch.e whole dynamic of a man whose that remarkable years, had a difficult time in london because of the hacking scandal, has emerged with that and making what some might believe is his last great offer, but others would say i would never say last. >> he's elephant hunting all the time. clearly this is an important dynamic. >> rupert and warren are the same age. >> [indiscernible] we don't need to have hand eye coordination. he's got judgment. >> on that, thank you. great to see you. >> it has been a summer of turmoil. gains by the islamic state of iraq threatened regional and global security. eric holder, the u.s. attorney general called the terrorist groups a partnership with bomb makers more frightening than anything he has seen. the breadth of global instability now unfolding hasn't been seen since the late 1970's. joining me now, ian bremmer. the president and founder of eurasia group, a consulting firm. i am pleased to have him back at this table. welcome. you tend to agree with that

what does it take you about the 83-year-old rupert murdoch? continues to be an incredibly dynamic media titan. he is never been afraid to make old moves. we might expect this will be his last bold move. >> oh. what could be next? >> you never know what will be next. at the same point in time, we expect rupert murdoch to run news corp. -- fox in this case -- for some time to come. >> and you think he is the one behind us? >> well, it is going to be a team. ceoe carey ran directv as for many years. he obviously has good input. you have a very diverse team at the 21st century fox group. i think there's a lot of should you just merit as long as the deal is the right place. >> jason, a lot of people look at the timing of this offer and say, it is genius because 21st century fox has just completed the spinoff of news corp., time warner has just completed the spinoff of time, so they're very both clean, focused media companies. and at the same time, comcast is tied up with the time warner cable acquisition. at&t is tied up with directv. up with vodaf

you know murdoch owns a lot.he political front has really stopped murdoch from getting to do what he wants. but we'll see. >> but the "journal" has not disappointed you has it, jim? >> no. >> it's still a pretty good paper. >> it's a terrific paper and i think there are a lot of people worried that he would destroy it essentially and that hasn't happened. he is an investor. he needs to make money. he knows that quality sells and i think he's done a pretty good job. >> we need "the new york post" to offset the daily news anyway and "the new york times." right? >> but this goes to the whole issue that you know you need many outlets. you need many providers of content to have a healthy, vigorous, political culture in this company. that's why media companies are not the same as cement producers. >> don't view this as murdoch is conservative. look, fox business and fox news, they're more conservative, but let's remember the fox network really pushes the edge in terms of programming. >> thank you. >> there you go. >> m

liz: david, does fox, rupert murdoch and james murdoch and company, of course the two reportedly haddea together and pitched it to time warner through chase carey who is a big member of our family at 21st century fox. do they just backed down or up the offer. what are you as an analyst to is covered time warner for quite some time anticipating happens next? >> i think there are two questions. the first is, what is time warner worth ultimately and what is it fox can actually afford to pay? how much do they need or are they willing to accept, how high are they willing to lever? i think the reality is does a really hard questions to answer today. i think they will probably become more clear over time. i think that overall the media space has worked so incredibly well for investors for the past three to for years because there has been an alignment with public shareholders for a lack of a better term media moguls like rupert and when the moment you say i'm not at the line with you anymore because i want to build up my strategic vision, i went a dilutive acquisitions you start to get into

rupertoes not sell to murdoch, who else is in? what about google?here has been all that talk in -- of google taking an interest in a media company. >> jeff makes an excellent point. he just sits there and has to watch this all unfold. as paul mentioned, when you have been so focused on shareholders and cleaning up the business to make it shareholder friendly, this is all about the stock price. question, isr anybody's guess at this point. foss comes forward to make their push because they think they have a strong case. in any situation like this, everybody has got to be thinking, maybe this is our shot. on jeff's side, because he is got to be accountable to shareholders, we could see very interesting the next few days or weeks as a result of how this has all come to light. >> you cover google in addition to the media companies. what do you think? do you think the interest in media is genuine? is time warner the property they cover the most? google has been focusing a lot of capital investments away from the media. i really think it strikes me as sens