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Money Talks from The Economist

Money talks: Sky’s the limit

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 25 September 2018

⏱️ 17 minutes

🧾️ Download transcript

Summary

The impact on the media industry of Comcast’s blowout bid for Sky. What has changed in the corporate world in the wake of the #MeToo movement? And the annoying CEO habits you might not want to emulate. Andrew Palmer hosts

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

This is a passenger announcement. You can now book your train on Uber and get 10% back in credits to spend on Uber eats.

0:11.0

So you can order your own fries instead of eating everyone else's.

0:15.0

Trains, now on Uber. T's and C's apply. Check the Uber app. Hello I'm Andrew Palmer, the Business Affairs Editor here at The Economist.

0:31.0

Welcome to Money Talks.

0:32.0

Coming up on the program, Comcast aimed for the sky and got it. Has anything

0:36.9

changed for employees in the wake of the Me Too movement?

0:40.0

I would say we've seen far more conversation than action.

0:45.0

And do as I say, not as I do, the annoying habits of extremely successful people.

0:50.0

The problem with these people's quirks is that they get inflicted on the rest of the organization.

0:55.8

So you get an email from the chief executive at 4 in the morning, you're going to feel like you need to answer it.

1:00.9

First, the American cable giant Comcast under its boss Brian Roberts has won the bidding

1:07.4

war for the British pay TV broadcaster Sky.

1:10.6

The final bid left a rival offer from Fox in the Dust and valued Sky at 30.6 billion pounds.

1:16.6

Sky shareholders now have until October the 11th to accept the offer.

1:20.4

Gardy Epstein is the Economist Media Editor and joins us now from New York.

1:24.3

Hi Gardi.

1:25.3

Hi Andrew.

1:26.3

So this has been going on for a while.

1:27.8

I think the first bid from Fox was back in December 2016.

1:31.9

Can you just give us a little sketch of the history?

1:34.4

Well, Rupert Murdoch had been wanting to get control of Sky for quite a long time.

1:41.4

So this actually goes back to the old News Corp before he split it up into two companies.

...

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