Has Jeff Bewkes Changed His Mind About Possible Takeover?

The transcript discusses potential acquisition options for Time Warner, comparing it to past acquisitions like DIRECTV by AT&T. It explores why Jeff Lucas might now be open to acquisition offers, citing factors like price, improved company positioning, and cultural fit. The discussion also covers valuation metrics, such as EBITDA multiples, and the stability of Time Warner's diversified business model, which makes it an attractive target for companies like AT&T.

In what ways does the cash flow from Time Warner's various sources make it an attractive target for AT&T?

What similarities and differences can be drawn between the acquisition of DIRECTV by AT&T and a potential acquisition of Time Warner?