Re: So long, AT&T Broadband...hello Comcast!

[Mark <bostonradio@yahoo.com>]

The Comcast bid also opens the door for other potential buyers such
as  #3 AOL Time Warner and  #4 Paul Allen-owned Charter Comm. to come
and drive up the price for AT&T Broadband. It's clear AT&T Broadband will be sold,
it's just a matter of price and time.

This possible Comcast deal is nothing compared to what is still ahead this year. In two
months(Sep.7th), the US Court of Appeals in Washington is widely expected
to relax and eliminate most of federal restrictions on media cross-ownerships such
as TV-Cable and TV-newspaper. The Comcasts and Coxs of the world will surely
find themselves being bought out by the likes of Disney, News Corp., General Electric,
Clear Channel, Viacom or AOL Time Warner. This is going to be one huge merger
party...

-Mark

--- Chris Beckwith <beckwith@ime.net> wrote:
> This deal has a long way to go if it happens at all; it's a hostile bid that
> follows unsuccessful talks with AT&T management.  C. Michael Armstrong has
> plenty of reasons to resist, including the nearly $100 billion he (over)spent
> building T's cable assets.  Comcast's Brian Roberts has to act quickly because a
> shareholder vote to spin off AT&T Broadband as a separate company is being held
> later this month.  All this having been said, it's a pretty sensible deal from a
> synergy and valuation standpoint, even if it furthers the growing consolidation
> of the cable industry.
> 
> Take care,
> Chris
> 


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