A report by media analyst Tony Wible of Janney Capital Markets suggests that a merger between media giants 21st Century Fox and Time Warner would make a lot of sense. Could Fox News and CNN one day be brothers? “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 programing synergies, distribution savings, and brand compatibility,” Wible wrote.
