Media Mogul Sees Mergers As the Future

From a New York Times story by Benjamin Mullin headlined “Media Mogul Sees Mergers As the Future”:

Early last year, the longtime media heavyweight John Malone made a prediction about a big change coming in the film and TV industry.

Over lunch with two fellow media moguls, Brian Roberts of Comcast and Barry Diller of IAC, at his winter home in Jupiter Island, Fla., Mr. Malone hypothesized that AT&T — then the owner of media brands like HBO, CNN and the Warner Bros. film studio — would soon spin off or sell those properties.