That said, somebody will see value. Buyers will vie for at least parts of the business, if not the whole thing.
It's more sensible for News Corp to continue empire building by collecting regional sports networks, eventually assuming full control of YES (Yankees Entertainment and Sports) and taking Madison Square Garden (MSG) out.
If regulators allow it, expect a merger between two of the four. Either way, they'll absorb smaller players, entire sports franchises, venues, sports broadcast rights, you name it. And, as they continue to build out to massive scale, you win.Cable already has you by the short hairs. Despite Reed Hastings' nocturnal fantasies, Netflix (NFLX) isn't changing that game. Intel sure as hell won't. And I don't suspect Apple (AAPL) wants to. The old guard will change the game when it's ready. It will wean itself off of things like affiliate fees and sweet and easy third-party digital licensing deals (also known as "fleecing Netflix") when it's good and ready. The old guard will merge and partner and partner and merge to deliver the content people need to see live live and everything else on-demand via multiple platforms. It will look a lot like Hulu. In fact, it might even end up being Hulu. We'll see. However it shakes out, when the dust settles, we'll have an exciting living room, dominated by a handful of hardware makers (Apple, Samsung, maybe Sony (SNE)), purveyors of awesome user experiences (Apple, Microsoft (MSFT) via Xbox) and the big old guard media names. Things will change profoundly, for the better, while, in many ways, staying the same. Follow @rocco_thestreet --Written by Rocco Pendola in Santa Monica, Calif.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV