The internet investor and star of ABC's 'Shark Tank' tells a Senate subcommittee that with the rise of Facebook and Google, AT&T's proposed acquisition of Time Warner is small potatoes.
The sale of a controlling stake in security IT services firm Optiv KKR comes as Blackstone CEO Steve Schwarzman was tapped to head a business advisory forum for the President-elect.
Jeff Bewkes described the deal as a means of making all of his company's networks, and eventually all of television, more like HBO. And AT&T's head made a similar argument.
CBS is working to build up its subscription service, even as the company's network TV programming sees top ratings.