Equilibrium in nature: The proposed Comcast-Time Warner Cable merger, announced in February, has set off a wave of activity in the media industry, with AT&T Inc. announcing a $48.5 billion deal for DirecTV that would rival Comcast’s heft in the cable and satellite business. One rationale for the deals is that they would give the cable and satellite groups more leverage in negotiations with entertainment companies and help contain rising programming costs.
In turn, the $80 billion offer that 21st Century Fox made for Time Warner, which was disclosed last week, would restore some leverage to the entertainment groups.
Why worry about the endless series of mergers, consolidations, [...]
The New York Times, 1986: The recently spruced up Union Square area has become fertile ground for a new crop of restaurants. Union Square Cafe, an inviting, low-key newcomer on the site of the former Brownies, a health food restaurant, is one of the most appealing of the lot.
In 1995: "We're still in the same area, which is important," Ms. Hirsch said. "We think that people who come to Barnes & Noble will appreciate having our store nearby because what we have at our store, you can't get anywhere else."
In the last few years, Revolution Books seemed something of a lonely hanger-on on East [...]
"You know what’s been the biggest job creator over the last few decades? Financial bubbles. The labor demand created by the dot-com bubble in the 1990s and the housing bubble of the 2000s created millions of jobs and sent the unemployment rate below 5 percent in both cases."
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It is once again time for the NCAA "March Madness" basketball tournament. The eventual champions will get to bask in the national spotlight. And sure, winning a basketball title is worth bragging about—but we all know the real champion is the institution of higher education that can charge the most tuition and still have enough students to keep its rejection letter printer warm. It's The Awl's annual NCAA bracket by tuition, using the college information resource Peterson's. (Where available, in-state tuition was used.) Since we first began March Madne$$ in 2009, the winning tuition has risen from $38,622 to [...]
TWC goes to Comcast. This chart helps put it in to perspective. pic.twitter.com/XmlAZvOE3Y
— James Gross (@James_Gross) February 13, 2014
That chart above went around a bit last night, with the news of the purchase of Time Warner by Comcast for $45.2 billion. It compares the "market value" of LinkedIn, Twitter, Facebook and Google v. the "market value" of CBS, Viacom, Disney, Comcast and Time Warner Cable. You know, the new establishment v. those stupid old dinosaurs. Hmm, how else could we compare these companies?
Oh right, how about by that crazy out-of-fashion metric: by the money they make? I made you a chart! Here's that [...]
The promise of this country used to be if you worked hard and played by the rules you would be okay and your kids would be a little bit better off than you were. Now we live with the hope that maybe we'll find free money in a box of junk food. Oh well, we had a good run.