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Buyers bullish on media, zero in on Time Inc, Murdoch's 21st Century Fox

Fox's profit per share is down about 50% from 2013, while Viacom's is up only slightly

Reuters  |  Washington 

All of a sudden, it seems, everybody wants to own a US media company. In the last few weeks, several of the world's biggest telecommunications and media companies have started circling Twenty First Century Fox Inc with an eye to buying a significant piece of Rupert Murdoch's global media and entertainment empire. Potential suitors include Comcast Corp, Verizon Communications Inc and Walt Disney Co. Meanwhile, Meredith Corp is considering a bid for Time Inc and Discovery Communications Inc is acquiring Scripps Networks Interactive Inc. Viacom Inc shares rose 10 percent ...

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First Published: Sat, November 18 2017. 15:17 IST