Reportedly approached 21st century fox to buy all or parts of the company lets get to Julia Boorstin with the very latest. A developing story, julia, what do you know . Reporter the latest is that comcast is in talks not to buy all of fox but certain assets, the entertainment assets it would not include the broadcast network. Likely a similar assortment of assets that disney was interested in, plus sky in the uk and star in india those two International Assets are particularly important comcast, although its cable assets are here in the u. S. , Nbc Universal is obviously more global but this would really allow comcast to position itself more as an international company. We have confirmed with a source that talks are still happening between fox and disney and it would be with a structure similar to what disney was pursuing now we see fox shares up 5. 5 on the news, comcast shares over 1 certainly a lot of movement in this media space right now, melissa. Weve had earnings reports since t
Continue into the end of the year . Well discuss the likelihood of a santa rally. And keeping a close eye on markets where the festive cheer seems somewhat lacking from the traditional santa rally were used to seeing in december with global stocks in downbeat mood. And well be getting the inside track on all the big stories of the week with our economics editor kamal ahmed who will talk us through the latest rise in us Interest Rates and how brexit talks are moving towards trade. Just use the hashtag bbcbizlive. Is it right that banks are reining in their spending . Hello and welcome to business live. We start with one of the biggest deals the Media Industry has ever seen. The Walt Disney Company has agreed to buy the entertainment business of Rupert Murdochs twenty First Century fox. The deal is worth a whopping 52. 4 billion in shares. Disneys already the worlds Top Entertainment company this will give it an even bigger arsenal of movies and shows in its battles with Online Streaming
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua
News this evening on the condition of former president george h. W. Bush. Good evening. Its great to have you with us on wednesday night. We begin with the bombshell announcement from fox news that their biggest star is out. Amid growing reports of Sexual Harassment that sparked an advertiser revolt. Bill oreilly will not be returning after a twodecade run. The announcement coming with oreilly on planned vacation. He was seen today shaking hands with the pope at the vatican. Short time ago we heard from bill oreilly himself. His response tonight. Heres abcs chief Business Correspondent Rebecca Jarvis leading us off. Youre about to enter the no spin zone. Reporter no spinning it tonight, the king of cable news, dethroned. Bill oreilly, the host of cables most popular show for 16 years, out at fox news, fired in the wake of that growing executives at foxs parent company, reportedly pushed for oreillys ouster. Their father Rupert Murdoch ultimately signing off amid a growing scandal. 21st
News this evening on the condition of former president george h. W. Bush. Good evening. Its great to have you with us on wednesday night. We begin with the bombshell announcement from fox news that their biggest star is out. Amid growing reports of Sexual Harassment that sparked an advertiser revolt. Bill oreilly will not be returning after a twodecade run. The announcement coming with oreilly on planned vacation. He was seen today shaking hands with the pope at the vatican. Short time ago we heard from bill oreilly himself. His response tonight. Heres abcs chief Business Correspondent Rebecca Jarvis leading us off. Youre about to enter the no spin zone. Reporter no spinning it tonight, the king of cable news, dethroned. Bill oreilly, the host of cables most popular show for 16 years, out at fox news, fired in the wake of that growing Sexual Harassment scandal. Lachlan and james murdoch, executives at foxs parent company, reportedly pushed for oreillys ouster. Their father Rupert Murdo