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.
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
