This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rupert Murdoch Does Not Want HBO or CNN -- He Wants Wayne Enterprises

NEW YORK (TheStreet) -- Rupert Murdoch and family are currently the world's 33rd most powerful people, according to Forbes, ahead of Kalifha bin Zayed Al-Nahyan, the United Arab Emirates president, Mexican President Enrique Pena Nieto, Kim Jong-un and Shinzo Abe, the prime minister of Japan.

Murdoch is already the third wealthiest billionaire in the media industry with a fortune of $13.8 billion. He is behind David Thomson, the chairman of Thomson Reuters (TRI - Get Report), with a fortune of $24.1 billion and Anne Cox Chambers of Cox Enterprises with a fortune of $16.2 billion.

Few goals probably remain for a man with that much money. But then again, we're dealing with Rupert Murdoch, whose voracious appetite for all things media stretches back to the 1950s.

Murdoch now has his sights set on Time Warner  (TWX - Get Report), having offered to pay $85 a share with investors assuming that Murdoch's 21st Century Fox  (FOXA - Get Report) is poised to increase its bid, maybe to more than $100 a share. Time Warner is in play, whether CEO Jeff Bewkes like that or not.

If Regulators Care, Here Are the Hurdles to a Fox-Time Warner Deal

BSkyB Sells ITV Stake to Liberty Global

Captain America Another Arrow in Disney's Marvel Quiver

With this deal, Murdoch would become the king of media, if he isn't already.

Time Warner is already the fourth most profitable broadcasting and cable company in the world with annual net income of $3.6 billion. If Murdoch buys the entire company he would actually increase his wealth from the current $13.8 billion to $27.6 billion -- assuming the current market value of Fox increases from $74 billion to $148 billion in a decade and assuming he is still alive in 2024 when he will be 93 years young.

Keep in mind, The Walt Disney Company (DIS - Get Report) has a market cap of more than $147 billion and Comcast  (CMCSA - Get Report) has a market cap of more than $143 billion, which means it's possible to create a broadcasting and cable company with a market value of $148 billion.

If anybody can do it, it's Murdoch.

Why Stop at Reality?

But wait. What about Wayne Enterprises? Wayne Entrerprises is the 11th largest company in the world with annual revenue of $31.3 billion in 2007 according to Forbes. The CEO is Lucius Fox and the largest shareholder is Bruce Wayne, who last year occupied the No. 6 position in the Forbes Fictional 15 with a fortune of $9.2 billion.

The DC Universe was created only 79 years ago and it may be fictional, but I assure you, the annual profits generated by this company are very real and they are substantially large.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PCRFY $14.63 0.00%
FOX $33.44 0.00%
AMZN $429.23 0.00%
CMCSA $58.46 0.00%
CMCSK $58.00 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs