THIS IS A CUT THROAT
BUSINESS.
COMCAST SHARPENING IT’S NICE.
YET ANOTHER LAST-MINUTE BID.
CUT THROAT.
IT COULD UNDERCUT DISNEY’S
$52 BILLION.
NOW THEY WANT TO UP IT EVEN
MORE.
IT’S NOT ME IT’S THE TRUMP
JUSTICE DEPARTMENT.
IT’S NOT ON THE RADAR SCREEN.
YOU SHOULD POINT OUT THAT
BEFORE THEY THINK ABOUT
GROWING AT ALL THEY HAVE A SIX
YEAR WINDOW AT THE CONDITIONS
FOR THE NBC UNIVERSAL DEAL
THAT IS UP IN SEPTEMBER FROM
WHAT I UNDERSTAND THAT FROM
WHAT I UNDERSTAND PEOPLE
INSIDE THE DOJ COULD BE
REVISITED.
THEY MAY HAVE TO.
WHAT I THINK YOU ARE GOING TO
SEE HERE.
WE WILL SEE THE AT&T DOJ TRIAL
IT’S GOING AFTER AT&T AND TIME
WARNER TO BREAK UP THAT DEAL.
THEY ARE GOING TO USE WHAT
THEY BELIEVE IS THE FAILURE OF
THE COMCAST MERGER TO HELP
CONSUMERS AS A REASON TO BREAK
THAT DEAL UP.
THEIR MANTRA IS THE HATE THE
CONCENTRATION OF MEDIA
ASSETS.
WHAT YOU HAVE HERE IS A
CONCERTED EFFORT AGAINST
COMCAST AND THEN BEAT ON THE
RADAR SCREEN.
THEY WILL LOSE -- USE THEIR
PROBLEMS TO TRY TO BREAK UP
AT&T AND TIME WARNER AND
NUMBER TWO IN SEPTEMBER.
IT IS THE VERTICAL VERSUS
HORIZONTAL.
THEY HATE THE CONCENTRATION OF
ASSETS WHEN YOU COMBINED
DISTRIBUTION AND CONTENT.
THE BIG THING HAD TO WORRY
ABOUT THEY ARE ON THE RADAR
SCREEN IN SEPTEMBER THAT DEAL
IN THE CONDITIONS THAT THEY
ALLOW THAT TO GO TO WILL
EITHER LAPSE WHERE THEY WON’T
BUY ANY MORE CONDITIONS AND
THEY CAN RENEW THE CONDITIONS
OR WHERE THEY CAN ADD
ADDITIONAL CONDITIONS.
IT IS LIKELY THAT THEY’RE
EITHER GOING TO RENEW THE
CONDITIONS OR ADD MORE.
THIS IS A COMPANY THAT IS
UNDER SCRUTINY BY THE TRUMP
JUSTICE DEPARTMENT IN PROBABLY
JUST FROM THE REGULATORY
STANDPOINT NOT IN ANY REAL
POSITION TO GO FOR MORE
ASSETS.
NOT A WAY BETTER CHANCE OF THE
ZILLION TIMES BETTER CHANCE.
THEY DON’T -- VIEW THAT AS A
DISTRIBUTION AND CONTENT.
IT IS UPENDING THE OLD WAY OF
LOOKING AT THE WORLD.
APPARENTLY NOT.
THEY THINK THE WHOLE NOTION
AND THEIR THEORY RESTS ON JUST
HOW BAD NBC UNIVERSAL WAS FOR
THE CONSUMER.
THAT IS THE NEW THEORY.
THEY ARE GOING TO USE WHAT
THEY BELIEVE IS THE PROBLEM.
IN NET NEUTRALITY.
THEY’RE GOING TO BRING THIS UP
AT THE TRIAL.
IT FACES THIS DUE DATE IN
SEPTEMBER WHERE THERE DEAL
CONDITIONS GETS REVIEWED.
I GUESS SO.
THIS IS A HUGE THING.
IF YOU CAN’T MERGE
DISTRIBUTION AND CONTENT THAT
REVERSES ALL OF THE BIG WALL
STREET DEALS IT IS GOING TO BE
A BIG THING FOR THIS MARKET.
IN THE BIG THING FOR THE
CONSUMER.
I HAD HAD PEOPLE ARGUE WITH ME
HOW IT IS COMBINING CONTENT
AND DISTRIBUTION IS NOT SO BAD
FOR THE CONSUMER.
IT LED TO BETTER COMPETITION.
THE JUSTICE DEPARTMENT IS
ARGUING JUST THE OPPOSITE.
IF THERE’S ONE COMPANY UNDER
THE SPOTLIGHT RIGHT NOW THAT
YOU DON’T READ ABOUT MUCH IS
COMCAST.
THEY ARE NOT THE LINES OF
HOLLYWOOD.
THEY WERE THE ALLIANCE OF
HOLLYWOOD.
THOSE HAD CON CAT -- CONTACTED
THE CABLE GUYS.
THEY’VE A HUGE COMPANY.
THE MARKET CAP IS CAP IS OFF
THE CHARTS.
I’M TELLING YOU THAT THIS IS A
COMPANY RIGHT NOW THAT IF
DONALD TRUMP IN THE JUSTICE
DEPARTMENT DESPISES THE NOTION
OF AT&T TIME WARNER AND CNN
GETTING MORE POWERFUL RIGHT UP
THERE.
YOU DON’T HEAR ABOUT IT MUCH.
IS COMCAST AND NBC YOU.
THE HATE THIS COMPANY.
AS MUCH AS THEY HATE THE
POSSIBILITY OF THE OTHER ONE.
IT WILL BE TRIED IN COURT.
IT WILL COME OUT DURING THE
TRIAL.