Eugene David ...The One-Minute Pundit |
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Tuesday, March 14, 2006
Comcast Corp., the nation's largest cable operator, is in talks with The Walt Disney Co. to buy the remaining 40 percent of E! Networks it doesn't already own, according to a person familiar with the companies' plans.
E! Networks, which is comprised of the E! celebrity channel and the Style fashion channel, is valued at around $3 billion, the person said Monday, declining to be identified because the deal has not been finalized. If CONcast wants to raise rates it should value it at $10 billion, or $20 billion, or however much it needs to ultimately put itself out of business.
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