Bewkes: Comcast-NBC-U Deal as Dumb as TW-AOL

“We love to see our competitors taking risks,” the Time Warner CEO says.

Last Updated: October 13, 2009 @ 2:09 PM

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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