Media mogul expects more mega mergers


LOS ANGELES: At least one media mogul is expecting to see a lot more deals like AT&T Inc’s US$85.4bil purchase of Time Warner Inc, and the seeds for such mega mergers could be planted this week in a resort town in Idaho.

Pay-TV providers and phone companies like AT&T are realising they need exclusive programming to set themselves apart in a crowded media landscape, said Discovery Communications Inc chief executive officer David Zaslav, one of the first bigwigs to arrive at the annual conference in Sun Valley, hosted by Allen & Co.

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Business , Sun Valley , technology

   

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