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Transcript of the letter from Comcast to Disney

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MUMBAI: Given below, is the letter addressed to Disney’s Michael D Eisner from Comcast’s president and CEO Brian L Roberts.

I am writing following our conversation earlier this week in which I proposed that we enter into discussions to merge Disney and Comcast to create a premier entertainment and communications company. It is unfortunate that you are not willing to do so. Given this, the only way for us to proceed is to make a public proposal directly to you and your Board.

We have a wonderful opportunity to create a company that combines distribution and content in a way that is far stronger and more valuable than either Disney or Comcast can be standing alone. To this end, we are proposing a tax-free stock for stock merger in which Comcast would issue 0.78 of a share of its Class A voting common stock for each share of Disney. This represents a premium of over $5 billion for your shareholders, based on yesterdays closing prices. Under our proposal, your shareholders would own approximately 42% of the combined company.

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The combined company would be uniquely positioned to take advantage of an extraordinary collection of assets. Together, we would unite the countrys premier cable provider with Disneys leading filmed entertainment, media networks and theme park properties. In addition to serving over 21 million cable subscribers, Comcast is also the countrys largest high speed internet service provider with over 5 million subscribers. As you have expressed on several occasions, one of Disneys top priorities involves the aggressive pursuit of technological innovation that enhances how Disneys content is created and delivered. We believe this combination helps accelerate the realization of that goal – whether through existing distribution channels and technologies such as video-on-demand and broadband video streaming or through emerging technologies still in development – to the benefit of all our shareholders, customers and employees.

We believe that improvements in operating performance, business creation opportunities and other combination benefits will generate enormous value for the shareholders of both companies. Together, as an integrated distribution and content company, we will be best positioned to meet our respective competitive challenges.

We have a stable and respected management team with a great track record for creating shareholder value. In fact, our shares have consistently outperformed leading stock indices by significant margins, including the S&P 500 by a margin of more than 2 to 1 since Comcast went public in 1972.

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The Comcast management team greatly appreciates and is highly respectful of the Disney heritage. We know that there are many talented executives at Disney who we envision would also play a key role in managing the combined company. We also would welcome directors from your Board joining our Board.

We have analyzed the issues associated with regulatory approval and are confident that all necessary approvals can be obtained in a timely fashion. Given the landscape that has evolved in our industry over the past few years, the creation of integrated content and distribution companies is essential to increasing the level of competition. The FCCs existing program access and program carriage rules ensure that the combined company will continue to make all of its satellite-delivered national and regional cable networks available on a non-exclusive, non-discriminatory basis and that there will be no discrimination against unaffiliated programming services, all consistent with the undertakings made by News Corp. in its recent acquisition of DirecTV.

We hope that the Disney Board will pursue the opportunity that this proposed combination presents to your shareholde

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News Broadcasting

CNN-News18 launches weekend show Health Matters to decode health trends

New show aims to cut through viral wellness fads with expert-backed advice

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MUMBAI: In an age where viral reels often double up as lifestyle advice, CNN-News18 is launching a weekend show aimed at separating health facts from fashionable myths.

Titled News18 Health Matters, the half-hour programme will premiere on 14 March 2026 and position itself as a reliable guide through the maze of wellness trends, internet remedies and quick-fix health advice that increasingly shape everyday decisions.

India is in the midst of a major health transition. Lifestyle diseases are striking earlier, stress and sleep deprivation have become routine, and health choices are often influenced by trending content rather than medical evidence. The new show leans into this reality with a simple premise: trending does not always mean true.

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Anchored by Hem Kaur Saroya and Himani Chandna, the programme will air every Saturday at 8:30 am and 5:30 pm and on Sundays at 10:30 am. Episodes will also be available on the channel’s YouTube platform.

Each instalment will tackle everyday health concerns that are increasingly entering mainstream conversations. Topics range from the rise of heart attacks among people under 40 and the growing reliance on protein supplements, to the rush toward weight-loss drugs and the widespread overuse of painkillers. The show will also examine issues such as screen addiction, chronic sleep loss, stress-related disorders and the rising prevalence of thyroid conditions, diabetes and hypertension.

Speaking about the launch, Rahul Shivshankar said the show aims to bring clarity to a space crowded with misinformation.

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“With Health Matters, CNN-News18 aims to cut through the noise and empower viewers with clear, expert-led conversations grounded in science and medical evidence. At a time when viral trends increasingly influence lifestyle choices, it is important to distinguish between what is trending and what is truly beneficial for long-term health,” he said.

Echoing the sentiment, Smriti Mehra said the programme reflects the channel’s commitment to responsible and relevant programming.

“With growing public interest in wellness and preventive health, Health Matters strengthens CNN-News18’s focus on issues that affect everyday life. In an increasingly crowded information space, credible and verified health conversations have never been more important,” she said.

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With Health Matters, CNN-News18 is betting that viewers want more than bite-sized advice and viral fixes. The show promises something rarer in the age of algorithm-driven wellness tips: calm, credible conversations that help people make better health choices.

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