Analyst: Fox and Time Warner would make an excellent merger

Could archrivals Fox News and CNN become corporate siblings? That's the possibility put forth by media analyst Tony Wible of Janney Capital Markets, who pondered this week the synergies of what would be the biggest media merger of the 21st Century, the hypothetical marriage of 21st Century Fox and Time Warner Inc.

"However improbable it may seem, one cannot overlook this mega deal given its immense financial benefits that dovetail with a number of strategic benefits like the added sports rights, studio market share, TV production synergies, large content library, news programming synergies, distribution savings, and brand compatibility," Wible writes. The Los Angeles Times has a full summary of this half-baked theory whose time has come here

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