The recent rush toward media consolidation—AT&T’s $85.4 billion bid to acquire Time Warner and Disney’s $52.4 billion offer for key parts of the 21st Century Fox empire, including the movie and TV studios—prompts the question: what’s at stake and why should we care?
Aren’t these just corporate shuffles that might bounce a few high-ranking executives out of their jobs, but result in lower overhead, greater efficiency, and, ultimately, improved products and services to the customer?
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