consumers. there s a list of conditions placed on the new company. consumers are still concerned about higher cable prices and fees for content that used to be free. but what about the other side? what about investing in this new company or other stocks in the media sector? diane jaffe is group managing director a firm that manages for investment funds and big investors, your company s two media holdings are comcast and cbs. full disclosure is time warner, the parent company of this network. let s start with comcast. they re in the news, this deal with nbc, the takeover really of nbc universal. do you like the deal? and do you think investors can benefit from it? we do like this deal. comcast is transforming itself from a cable distribution company into a full diversified media company. now with content and distribution. how does that make a merged company, let s say, more valuable than those stand-alone
to ebita or price to cash flow. and with the acquisition of nbcu, comcast can power its way into a higher valuation range. another one of your big holdings is cbs, and you like that stock for investors as well. yes, we do. we think that they took advantage of the low interest rates to refinance their balance sheet. they have a steady stream of income from their, their distributions which are the tv stations. as well as having the content of the studios and broadcasting. and some great dramas on. is there anything in the media area that are you steering clear of right now? i think it s good to be diversified. i think that some companies have really propelled themselves with like the discovery channel with the acquisition, with their, the oprah channel. so they re very expensive. our background is a relative value background. so we re looking for a little bit more value for future growth. and for our viewers, who are sort of novice investors, when you say value, you mean a
the u.s. has the advantage in terms of technology and skill and so on. but that s china is rapidly bridging that gap as well. and as china becomes more skilled, that will put more pressure on the u.s. to actually improve and be more competitive to be able to hang on to those jobs they ve got. just before i go, remember this, over the past 20 years, exports to china from the u.s. have multiplied 12 times. this is still a very big market. it is still open to some degree. it is there for the taking. for a u.s. company. it is a real treat for us to have both of you on here. two of my favorite guys, stan grent in beijing, rift quest in london. i think the three of us need to meet up somewhere in the world again soon and talk business as it were. good to see both of you, thanks so much. thank you. back home for a while, comcast and nbc universal will soon be one company. are there ways that this megamedia merger could actually make a difference to you? i m going to talk to you about in
company. read about those at cnnmoney.com. consumers are still concerned about higher cable prices and fees for content that used to be free. but what about the other side? what about investing in this new company? or other stocks in the pamedia sector? director of u.s. equities for tcw a firm ma mtwo largest medi holdings are comcast and cbs, the third is time warner, parent company of this network. comcast is in the news, this deal with nbc, the takeover, really, of nbc universal. do you like this deal and do you think investors can benefit from it? we do. comcast is transforming itself from a cable bdistribution company into a full diversified media company now with content and distribution. how does that make a merged company, let s say, more valuable than those standalone
cash flow, and with this acquisition of nbcu, comcast now can really power its way into a higher valuation range. another one of your big holdings is cbs and you like that stock for investors as well. yes, we do. we think they took advantage of the low interest rates to refinance their balance sheet. they have a steady stream of income from their distributions which are the tv stations, as well as having the content of the studios and broadcasting. great dramas on. anything in the media area you are steering clear of right now? i think that, you know, it s good to be diversified. i think some companies have propelled themselves, like the discovery channel with the oprah channel, so they re very expensive. our background is a relative value background so we re looking for a little bit more value for future growth. and for our viewers who are sort of novice investors, when you say value, you mean a