On “Shepard Smith Reporting” this afternoon, Smith and Maria Bartiromo waded into the major media news of the day that Fox News’ parent company, 21st Century Fox, made an $80 billion offer last month to buy Time Warner, the parent company of CNN.
Saying she would “not be betting against Rupert” (and also noting she has no insider information), Bartiromo said she suspects Murdoch will come back with a higher bid that the Time Warner shareholders will ultimately accept. Under such a deal, 21st Century Fox would sell CNN to appease regulators — “beat ‘em, buy ‘em, sell ‘em,” as Smith described it. Under that scenario, Bartiromo says she sees CBS as a likely bidder for CNN.
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