Time Warner CEO Jeff Bewkes on Tuesday compared the proposed Comcast/NBC-U deal with the disastrous one his company made with AOL nearly a decade ago.
At an industry conference in Manhattan, Bewkes said big media mergers have a lousy track record and that he couldn’t see how Comcast could unlock any value by buying a majority stake in NBC Universal from GE.
“Somebody has finally noticed that these things don’t work out so well,” he said, adding “We love to see our competitors taking risks.”
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