i will tell you what rupert murdock of 20th century fox said, he said they have compelling rationalesapproach had always been friendly, however, time management board refused to engage with us to explore an your highly compelling. these factors coupled with our commitment to be disciplined in our approach to the focus on delivering fox for shareholders led us to withdraw our offer. he added they're going to have a $6 billion share repurchase pr in lew of or perhaps in lew of this overall deal. now, time warner has also in the last few minutes released it's own statement regarding the falling out of this deal and the following through. time warner's board and management team are committed to enhancing long-term value. we look forward to continuing to deliver substantial and sustainable returns for all stockholders. time warner is well positioned for success with our iconic assets including the leading premium television brand the strongest ad supported fourth quarter group and largest film and tv studio. we thank our stockholders for their continued support t. drama is playing out. rup

they say they don't think rupert murdock is done. he will telegraph he is done and will pounce again. >> it's a trust issue. i think it's difficult for guys to come out the way they did and come back to the market. >> also the way he worded it. he worded it sounding as if it wasn't shareholder value. if you are going to act that way, it sort of gets to the point is it really in the shareholder's interest? >> that quarterette yesterday in disney was fantastic. the time warner quarter was good. they got back down to a level where you look at it again. this fox quarter was equally impressf i think. they trade 18-and-a-half forward earnings. i think you can say it's rich. i think all these stocks at a certain level are very attractive on the long side. >> unless it's unusual activity here. center point's energy, which reported better than expected energy before the bell. what did you see? >> they had better revenues and they forecast for the full year, a lot of positive, stock didn't react very well. it's coming off the highs. it was in

you think rupert murdock is really walking away?is is about putting the ball in the court now. time warner didn't want to talk to them. jeff you prove you can get your stock to $85 let alone my gut is rupert was willing to pay more than 80. he was probably $95. can time warner actually get there or, i know, locking at their rules, advertising still really soft up only 1% t. question is who ul this merger have created more merger than the companies could have generated themselves? jeff will have a lot to answer at 10:00 this morning. >> i thought the timing was brilliant. announceing this the night before their earnings, a quarter we knew would be better-than-expected numbers. time warner would be pushing to show investors how much they can do. they came out, beat expectations, if you look at that stock today, down more than 10%. >> becky, you got to remember. hbo, a great quarter, the profitability growth is tremendous. remember what they did during quarter, they stole their back catalogue to amazon, a one-time adrenaline jolt that

as you probably know rupert murdock has -- murdock was put off by a strong and hostile -- driving down its stock price. in our press picks, this media fail, president obama convened a sum milt of african leaders sh bike and that prompted this analysis from nbc's chris jansing. >> yeah, the fact that he's from kenya and the fact that when he was elected there was expectations on the african contin continue innocent that he would do great things for them. >> i was just going to say that mistakes happen in live television like this and i bet she's her worst critic and she's beating herself up over making this kind of mistake. but the good thing is, in this news cycle that goes faster than you can blink, it's long forgotten, except for here, and now we'll just month on. >> we all make mistakes, we will move on. that's it for this edition of media buzz in los angeles. check out our facebook page, give us a like, we're back here next sunday morning, 11:00 and 5:00 eastern, much earlier here in the west with the latest buzz. >>> we start with the fox news alert, a fourth round of u.s. air str

last year, rupert murdock was set to buy time-warner for $80 billion in stock. but today, fox decided to abandon its plans to create the media giant. most assume that murdock and company would come back with an even bigger offer, and apparently they didn't. fox said in a statement today, that time-warner management refused to engage in talks, and after the market closed, shares of time-warner fell nearly 11%, while fox surged more than 8 perfection. >>> coming up next, it's not as dramatic as brave heart. but scott's are determining whether to break away from england again. can scotland afford to go it alone? >> fans of the movie, brave heart, may remember what scotland won its independence, and scott's united with england to form great britain, formed of wales, england, ireland and scotland. now, the scott's are considering independence again. this time it will be decided not by aristocrats or on the battlefield, but at the ballot box if a referendum next month. 50% of scott's plan to vote no. a key concern is whether independent scotland could benefit economic

last year, rupert murdock was set to buy time-warner for $80 billion in stock. but today, fox decided to abandon its plans to create the media giant. most assume that murdock and company would come back with an even bigger offer, and apparently they didn't. fox said in a statement today, that time-warner management refused to engage in talks, and after the market closed, shares of time-warner fell nearly 11%, while fox surged more than 8 perfection. >>> coming up next, it's not as dramatic as brave heart. but scott's are determining whether to break away from england again. can scotland afford to go it alone? >> deepak chopra, from improving your health >> i had an intuition, that human beings could heal themselves. >> to solving conflict... >> the best way to get rid of your enemy, is is to increase their happiness >> and living a more mindful life... >> the number one cause of hostility in the world is lack of respect >> every saturday join us for exclusive, revealing, and surprising talks with the most interesting people of our time. >> talk to al jazeera onl

last year, rupert murdock was set to buy time-warner for $80 billion in stock. but today, fox decided to abandon its plans to create the media giant. most assume that murdock and company would come back with an even bigger offer, and apparently they didn't. fox said in a statement today, that time-warner management refused to engage in talks, and after the market closed, shares of time-warner fell nearly 11%, while fox surged more than 8 perfection. >>> coming up next, it's not as dramatic as brave heart. but scott's are determining whether to break away from england again. can scotland afford to go it alone? >> now available, the new al jazeea america mobile news app. get our exclusive in depth, reporting when you want it. a global perspective wherever you are. the major headlines in context. mashable says... you'll never miss the latest news >> they will continue looking for survivors... >> the potential for energy production is huge... >> no noise, no clutter, just real reporting. the new al jazeera america mobile app, available for your apple and android mob

you start to look at rupert murdock for time warner, you could justify why it was to low. >> i'm certain time warner is under pressure to bring that valuation up. back to hbo, you said 15 times ebitda, isn't netflix double that? >> when you talk about the world media, you have a cross section of an internet analyst and a traditional media analyst. i think he will have more traditional media guys more conservative looking at an hbo where you tend to have these internet comps more on netflix. so there is a range, but again if you have you use a value subscriber that uses netflix on hbo you get an extra $5 billion of incrementation. >> so the values for hbo are a part of time wasn'ter earnings stream. why should this tracking stock have any value whatsoever? >> well, it's because there is under monetization of hbo. so today the hbo model works where you pay $15 to $20-plus depending on what cable or satellite operator you are working with. the satellite or cable operator keeps roughly half of. that if hbo were presumably to go wage instead of retaining $7 per month, they could retain an ext

ceo rupert murdock says time warner's management refused to engage in meaningful talks plus his company's stock has been dropping since announcing those take over plans. we have also learn sprint is ending its merger with t mobile. company concluded antitrust regulators would likely block the deal. merger would have combined the nation's third and fourth largest wireless phone operators and sprint's ceo says merged company could better compete with at&t and verizon and that would have created a price war which would have been good for customers in they arey i hear there is a time line for when folks can get their hand on the next iphone. >> reporter: according to a published report apple will be unveiling its iphone six at a media event on september 9th. it would hit store shelves shortly after, the phone reportedly has a better camera, faster processor and bigger screen and, of course that means one thing time to get a new iphone case and probably a new charger, ukee and natasha. >> always more money. >> i totally agree. >> all right, jill thanks very much. >>> coming up, traffic and wea

. >>> the quotation of the evening, this quote from 21st century fox chairman and ceo rupert murdockking about the middle east and in particular the isil. or isis. saying, isis can only be beaten by a policy of elimination and even then with difficulty. this is a historic war of b barbarrism versus civil invitation. >>> governor rick perry turns himself in after being indicted. former house speaker dennis hastert on why texas democrats are in far more trouble than governor perry. want to know how hard it can be... ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek imme

. >>> the quotation of the evening, this quote from 21st century fox chairman and ceo rupert murdock talking about the middle east and in particular the isil. or isis. saying, isis can only be beaten by a policy of elimination and even then with difficulty. this is a historic war of b barbarrism versus civil invitation. >>> governor rick perry turns himself in after being indicted. former house speaker dennis hastert on why texas democrats are in far more trouble than governor perry. there's a reason no one says "easy like monday morning." sundays are the warrior's day to unplug and recharge. what if this feeling could last all week? with centurylink as your trusted partner, it can. our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and dedicated support, your business can shine all week long. >>> joining us now, former speaker of the house, dennis hastert. dennis, great to have you with us. >> thanks, lou. great to be here. >> is it your sense right now the republicans are going to take the senate?

. >>> the quotation of the evening, this quote from 21st century fox chairman and ceo rupert murdock about the middle east and in particular the isil. or isis. saying, isis can only be beaten by a policy of elimination and even then with difficulty. this is a historic war of b barbarrism versus civil invitation. >>> governor rick perry turns himself in after being indicted. former house speaker dennis hastert on why texas democrats are in far more trouble than governor perry. 9m crestor lowered bad cholesterol in it's a fact. high-risk patients more than lipitor. bad cholesterol... you're going down! yeah! lowering cholesterol is a big deal, especially if you have high cholesterol plus any of these risk factors, because you could be at increased risk for plaque buildup in your arteries over time. so, when diet and exercise aren't enough to lower cholesterol, adding crestor can help. i'm down with crestor! crestor is not right for everyone, like people with liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor about other medicines you're taking. c

. >>> the quotation of the evening, this quote from 21st century fox chairman and ceo rupert murdock talking about the middle east and in particular the isil. or isis. saying, isis can only be beaten by a policy of elimination and even then with difficulty. this is a historic war of b barbarrism versus civil invitation. >>> governor rick perry turns himself in after being indicted. former house speaker dennis hastert on why texas democrats are in far more trouble than governor perry. unlimited cash back. let that phrase sit with you for a second. unlimited. as in, no limits on your hard-earned cash back. as in no more dealing with those rotating categories. the quicksilver card from capital one. unlimited 1.5% cash back on everything you purchase, every day. don't settle for anything less. i'll keep asking. what's in your wallet? >>> joining us now, former speaker of the house, dennis ve you with us. >> thanks, lou. great to be here. >> is it your sense right now the republicans are going to take the senate? >> i think it's a pretty good chance. this fickle business in politics, neve

we have some comments from rupert murdock talking on the call after 21st century fox reported earningswhen we come back. . >>> welcome back. rupert murdock on the 21st centuries call, julia boresen is listening in with the details. >> the earnings for the first time, to kick things off by directing outright his bit to buy time warner and then the decision yesterday to withdraw it. here's what he said about why they decided to pull that offer. >> it appears time warninger management board to engage with us, to explore his compelling offer. coupled with the reaction in our share prize that i'm the valued stock, resulting in a conclusion that this transaction was no longer attractive to fox shareholders. >> murdock yielded that there is their resolute decision and the president and ceo chief kerry said to be clear, we are done, kelly, they're clearly trying to address questions of whether or not they might jump into this and make another offer down the line. they're trying to build the business organically and not chasing time warner. back over to you. >> julia, thank you. stephanie link,

this marks the first full year since rupert murdock split the publishing assets from 21st century fox> and lion's gate, the film company behind the popular "hunger games" series and "divergent" reported nine cents better than estimates. the studio only had two films in wide release last year. let's not forget, folks, there are earnings out there in the market even with everything else that is going on. >> very true. >>> and check out shares of lululemon this morn. that stock jumping after founder chip wilson agreed to sell half of his stake in the company to advent. as part of this $845 million deal, he agreed not to launch a proxy war at the yoga gear producer that he co-founded. a big trial opening up in shanghai involving a pharmaceutical giant. corruption and a sex tape. eunice joins us now where she's got all the details from beijing. >> reporter: hey, guys. the international business community is very closely watching this trial of an investigator linked to the british drug giant gsk. the british -- basically, many people believe that this case really highlights a lot of the dif