Samantha 2895 Posted December 20, 2015 Share Posted December 20, 2015 The Mail on Sunday is reporting that Comcast executives have met ITV bosses and are mulling a potential takeover bid of £11bn for the network (that's nearly $16.4 billion). In 2014, ITV reported £2.6bn in revenue and a 40% increase in pre-tax profit. Since 2009 its stock has risen 500%. Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/ Share on other sites More sharing options...
ToriElectra 292 Posted December 20, 2015 Share Posted December 20, 2015 Comcast and ITV? it sounds weird at first, but then you realize that considering how far ITV has fallen since their glory days of the 70s (minus the big 79 strike) and 80s, they actually could be good for each other- it'd provide more funding for British-made stuff and allow NBC to utilize ITV's formats like Countdown, which could easily be on the NBC O&Os on weekend afternoons or something, and ITN already works closely with NBC News, I believe. Of course, this is all speculation. Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/#findComment-141538 Share on other sites More sharing options...
TheRolyPoly 2416 Posted December 20, 2015 Share Posted December 20, 2015 You gotta be kidding me. Now Comcast wants to take over the world and lower competition in terms of television and the media in general. Why can't they just be happy with what they got? Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/#findComment-141539 Share on other sites More sharing options...
rkolsen 1684 Posted December 21, 2015 Share Posted December 21, 2015 Keep in mind look at how well Comcast invested into NBC and turned it into a better performing network that has won the ratings (due to sports and other successes) for the past few years. Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/#findComment-141559 Share on other sites More sharing options...
plnewsfan 9 Posted December 21, 2015 Share Posted December 21, 2015 I could see "The mission" as the ITV News theme tune. Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/#findComment-141609 Share on other sites More sharing options...
Samantha 2895 Posted December 21, 2015 Author Share Posted December 21, 2015 Well, Comcast actually had to come out and deny the allegations vigorously: “We don’t comment on M&A rumors but the speculation on ITV is just completely inaccurate,” spokesman John Demming told Variety. ITV shares rose 4% today. Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/#findComment-141632 Share on other sites More sharing options...
johnnya2k6 171 Posted December 23, 2015 Share Posted December 23, 2015 Over a decade or so ago, there were rumors about Viacom buying up ITV (as they still owned CBS at the time)...which were all shot down. Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/#findComment-141733 Share on other sites More sharing options...
lugnuts6 91 Posted December 24, 2015 Share Posted December 24, 2015 And Viacom now owns Channel 5 Link to comment https://localnewstalk.net/topic/14847-the-mail-on-sunday-comcast-eyeing-%C2%A311bn-takeover-of-itv/#findComment-141791 Share on other sites More sharing options...
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