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Buying a company like Disney would give Verizon a Magic Kingdom of content studios, cable networks, theme parks and merchandising. But it would not solve the problems facing wireless.
The FCC is chipping away at limitations on media ownership, creating new rules likely to spark a new wave of consolidation among TV station owners.
Verizon says CEO Lowell McAdam's recent comments that Verizon would be open to deal talks with Comcast, Disney or CBS were "a little taken out of context."
A deal between Sinclair and Tribune and a shift in FCC rules could spur action by CBS, Nexstar and others.