Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Sports Media

DESPITE FTC CONCERN, TCI WANTS A QVC DEAL BY FEBRUARY

     On Wednesday, the FTC said it was seeking to "bar the
acquisition" of QVC, Inc. by TCI and Comcast Corp., "contending"
that the $1.42B deal would give TCI too much "market power in the
home shopping industry."  Yesterday, TCI said it was preparing to
give the government "10 days notice that it intends to consummate
its acquisition of QVC by late February."  TCI also plans to meet
with FTC officials next week to personally argue their case.  A
industry source told the L.A. TIMES that TCI will fight the FTC
in court if the agency strikes the deal.  Comcast would
apparently back TCI in any litigation.  Comcast Chair Barry
Diller: "The government has every right to investigate the
matter, but this is torture" (Shiver & Harris, L.A. TIMES, 1/20).
The N.Y. POST reports this morning that the takeover will still
occur, and analysts say that "even if TCI was knocked out,
Comcast would proceed on its own or with a new equity partner"
(John Durie, N.Y. POST, 1/20).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1995/01/20/Sports-Media/DESPITE-FTC-CONCERN-TCI-WANTS-A-QVC-DEAL-BY-FEBRUARY.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1995/01/20/Sports-Media/DESPITE-FTC-CONCERN-TCI-WANTS-A-QVC-DEAL-BY-FEBRUARY.aspx

CLOSE