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

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

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.”

Read more at All Things Digital.